S&R Associates is representing Embassy Office Parks REIT, India’s first listed real estate investment trust and the largest office REIT in Asia by area, in the proposed third-party acquisition of 100% of the share capital of Eleanor Realty Holdings India, which owns and operates ‘Pinehurst’, a commercial office building with a total leasable area of 0.3 million sq.ft., for an enterprise value of INR 8.52 billion. Located in the heart of Embassy GolfLinks, this high-quality Grade-A asset is fully leased to a leading global investment firm. The transaction is subject to customary conditions.
The S&R team is led by partners Radhika Iyer and Prateek Sharma, and includes associates Henal Shah, Pradhumna Mohan Dixit and Maideni Shukla.
For reference, please see the stock exchange announcements below in relation to the transaction: