INVESTMENT OBJECTIVES

Creating value.
Maximising growth.

We invest in high-quality assets with the objective of maximising NAV growth and paying distributions to Unitholders.

Our strategy includes:

Capitalising on our portfolio’s embedded organic growth and new development opportunities by:

  • Leasing up unoccupied space
  • Delivering on‑campus development

Delivering accretive inorganic growth:

  • Acquisition pipeline visibility of over 32 msf
  • Third-party acquisitions
  • Financing capability in the equity and debt capital markets

Keeping expert and agile oversight to drive value through:

  • Proactive property management
  • Focus on occupier retention


Upholding good corporate governance with

  • 50% Independent Directors
  • Strong safeguards related to leverage, related-party transactions and Unitholders’ interests

Inorganic growth opportunities

Our strong balance sheet and network provides us with a steady acquisitions pipeline. We remain focused and disciplined to pursue opportunities which enhance Unitholder value.

Embassy TechVillage backland ROFO(1)(2)

(Bengaluru, up to ~4.2 msf)

Embassy Splendid TechZone ROFO(2)

(Chennai, ~5 msf)

Acquisitions criteria

  • Large-scale, high-quality trophy assets with global occupiers
  • Located in top 6 cities and dominant in respective micro-market
  • Stable cash flows with strong embedded growth – Both MTMs on leases and new development potential
  • Accretive acquisition for Unitholders, with optimum financing mix of debt and equity

Potential pipeline(2) (3)

9.2msf

Select ROFO pipeline(3)

23.2msf

Assets within partner(s) network and third-party opportunities

Our strategy is to create value by having a long-term perspective and pursuing accretive acquisitions, thereby enhancing value for our Unitholders.

Notes:

  1. Acquisition of ETV by the Embassy REIT excluded ~19.39 acres being developed by Embassy Commercial Projects (Whitefield) Private Limited (Embassy Whitefield), an entity which is owned by certain Blackstone entities and certain third-party shareholders, which area has been leased by VTPL to Embassy Whitefield on a long-term basis. The Embassy REIT has been granted a right of first offer in respect of the controlling interest in Embassy Whitefield by the shareholders of Embassy Whitefield
  2. The pipeline is indicative only. There can be no assurance that above opportunities or other pipeline opportunities will materialise in current form or at all or result in transactions.
  3. Embassy REIT has ~31.2 msf of ROFO opportunity from Embassy Sponsor and up to ~4.2 msf of ROFO opportunity from others