Embassy Office Parks is the owner of a high-quality office portfolio in India that serves as essential corporate infrastructure to multinational tenants and has significant embedded growth prospects. The Portfolio comprises seven best-in-class office parks and four prime city-center office buildings totalling 32.6 msf as of March 31, 2018, with strategic amenities, including one operational and three under-construction hotels totaling 1,096 keys, food courts, employee transportation and childcare facilities. We believe we have invested in the highest quality assets in the best performing submarkets of India’s top office markets of Bengaluru, Pune, Mumbai and Noida.
We own one of India’s largest office portfolios and as of March 31, 2018, approximately 81.4% of the Gross Rentals from our 160 marquee tenant base is contracted with leading multinational corporations and approximately 43.8% is contracted with Fortune 500 companies, such as JP Morgan, Google and Microsoft. Our high quality tenant base, along with long-term contracted rentals (weighted average lease length of 6.9 years) provides considerable stability to the Portfolio.
We believe that the scale and quality of our business has given us a market leading position, makes our properties a preferred office location in each of their respective submarkets and allows us to offer consolidation and expansion options for our tenants. This has enabled us to attract, retain and grow multinational tenants in our parks leading to tenant stickiness. As a result we have grown revenue from operations by 15.4% over Financial Year 2016 to Financial Year 2018.