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Issue 6 - December 2015The Embassy Group Corporate Newsletter For private circulation only
INSIDE THIS ISSUE
3
11 12 NEWS FLASH
EMBASSY
INDUSTRIAL PARKS
EMBASSY IN THE
COMMUNITY
4/5EDITORIAL2 EMBASSY
COMMERCIAL
9 EDUCATION 10 EIRS
6 BRANDED
RESIDENCES
7 LUXURY
INTEGRATED
LIVING
EMBASSY
SERVICES
8
EDITORIAL
JITU VIRWANI
Chairman and Managing Director
Embassy Group
CHAIRMAN’S
MESSAGE
THE EMBASSY POST 2Issue 6 - December 2015
Embassy Industrial Parks - addressing the distinct demand for modern industrial and warehousing spaces for the new world.
In keeping with our DNA of being
innovators in real estate development, we
have entered the industrial parks and
warehousing space as a new business
vertical. With the government’s push on
‘Make in India’ bound to take
manufacturing to new levels and the new
E-economy bolstered by angel investors
and VCs, the new marketplace reality is
driving the need for modern logistics and
warehousing.
Given our experience and expertise over
the last three decades with our successful
office parks, we find this a promising
business opportunity considering the
challenges that this unorganised sector still
holds. Ever since we announced the new
venture with our global equity partner
Warburg Pincus, we have received a
positive response from businesses evincing
interest to partner with us. You will read
more about our new venture in the
ensuing pages.
Embassy Office Parks is ‘Where the world
comes to work.’ As we come to the close of
another exciting and challenging year,
I am pleased to mention that in 2015 YTD
we have added 14 tenants to our growing
list of global and Indian corporations,
notably - Wells Fargo and we signed the
largest deal in India with an E-commerce
company – Flipkart. Embassy welcomes
these new occupiers to join over 170
corporates at our parks. Our Energize
program continues to engage Park users
making our parks a fun place to work.
Embassy continues to set new benchmarks
in luxury residential projects. This year also
saw Embassy complete the buyout of the
Four Seasons project which we re-launched
as Embassy ONE. The new prime
destination hosting the Four Seasons Hotel
& Private Residences will also host top
notch commercial and retail space.
Do read more in the Residential section.
This Diwali, we have encouraged you to
partner with us in our education initiatives
to support over 2000 children across 10
schools through our partner, Colours of
Life, who are doing commendable work.
Our vision is to extend our support to
cover 30 more schools and welcome
contributions to the cause.
Wishing you and your family compliments
of the season and all the very best for 2016!
In keeping with our DNA of being
innovators in real estate development,
we have entered the industrial parks
and warehousing space as a new
business vertical. Given our experience
and expertise over the last three
decades with our successful office
parks, we find this a promising
business opportunity considering the
challenges that this unorganized sector
still holds.
THE EMBASSY POST 3
EMBASSY INDUSTRIAL PARKS
In October 2015, Embassy Group inked a USD 250 million
agreement with Warburg Pincus, a leading global private equity
firm to form Embassy Industrial Parks, a joint venture in
industrial and warehousing spaces.
Embassy Industrial Parks represents a synergistic relationship
that brings deep experience and expertise to companies facing
the logistics and warehousing challenges of a large, diverse and
geographically distributed market like India.
L-R: Viraj Sawhney, MD - Warburg Pincus, Jitu Virwani, Chairman &
Managing Director, Embassy Group, Anshul Singhal, CEO - Embassy Industrial
Parks, Nitin Malhan, MD - Warburg Pincus
INDUSTRIES UNLOCKED.
LOGISTICS UNBOXED.
On 12th September, 2015 Embassy Group signed an
MOU with the Government of Tamil Nadu at the Tamil Nadu
Global Investors Meet 2015, for developing a 198-acre industrial
park in the State with a projected total investment
of Rs 900 crores.
The proposed industrial and warehousing project, to be
developed in the industrial area of Sriperumbudur is envisaged
to provide world-class infrastructure for industrial locations
setting up research and development, manufacturing and
assembly facilities. The development will provide build-to-suit
spaces to industrial and warehousing clients on a lease basis.
The project will also have options for industrial land with ready
infrastructure for manufacturers to set up their own factories.
Issue 6 - December 2015
Embassy signs MOU with Government of Tamil Nadu
at the Tamil Nadu GIM 2015
About Embassy Industrial Parks
Embassy Industrial Parks will have an equity commitment of up
to USD 250 million, from its joint venture partners, to fund land
acquisition and development. These modern, well planned,
technology-enabled industrial and warehousing spaces are
currently targeted at 5 industry verticals - 3PL, E-commerce,
FMCG, Automobile Ancillaries and Retail.
Embassy Industrial Parks has a pan-India strategy and has
created a dedicated team to execute this vision, making it one of
the few players to have a focused all-India presence in this
attractive segment of real estate. The immediate focus will be to
take up strategic land positions near the seven key markets of
Bangalore, Chennai, Delhi NCR, Hyderabad, Mumbai, Pune and
Ahmedabad. These spaces will comply with the most exacting
requirements for power, water and connectivity to distribution
centres along major logistical corridors and ports.
Commenting on the formation of the joint venture, Jitu Virwani,
Chairman & Managing Director, Embassy Group, said “We look
forward to working closely with Warburg Pincus and leveraging
their successful global experience in the industrial real estate
asset class. It also gives me great pleasure to formally announce
that Anshul Singhal has come on board as the CEO of Embassy
Industrial Parks. He has a track record of consistently developing
new businesses, driving innovation and nurturing strong client
relationships that will help Embassy Industrial Parks quickly
expand our operations.”
Delhi Mumbai Pune Ahmedabad
Hyderabad Bangalore Chennai
Key Markets
Anshul Singhal, Chief Executive Officer, Embassy Industrial
Parks, said “Embassy Industrial Parks is looking to build and
lease 15-20 million sft over the next few years. The immediate
focus will be to ensure that we take up strategic land positions to
provide our clients with spaces optimized to enhance supply
chain efficiencies. These spaces will be developed with a host of
amenities and will ensure we comply with the most exacting
requirements for power, water and connectivity to distribution
centres along major logistical corridors and ports.” The market
for modern industrial and warehousing spaces is rapidly
expanding and is estimated to reach 125 million sft over the
next five years.
EMBASSY COMMERCIAL
THE EMBASSY POST 4Issue 6 - December 2015
The IT industry employs about 10 million people in India. In
2015, about 5.8 million engineering graduates were added to
the talent pool. It’s a vast, restless and young bunch of
talent out there.
While individual organizations are doing what they can,
Embassy Office Parks is implementing work–life integration on
a bigger and grander scale for all the park-users. To ensure that
The work-life integration mantra,
for young Indian professionals
our clients and their employees get the most out of their
workspaces, we are creating a whole ecosystem that supports
that goal. The world-class facilities and green surroundings of
Embassy Office Parks provide the kernel for park-users to strike
a happy balance. A sports zone, gym*, multi cuisine food courts,
etc are some of the amenities that help achieve this.
*Available in some of our Parks
Embassy Office Parks firmly believes in a symbiotic relationship
with the communities in which we operate. All our ongoing and
future projects are specially designed with environment
sustainability in view. LEED certified, energy-efficient buildings,
Sustainability Initiatives
cycling to work and other green initiatives are not just trends
but continuing initiatives. In the long run, it benefits the
environment, promotes the health of park-users, and keeps
utility costs down for occupiers. It is a win-win for all.
Embassy Office
Parks
Where the
world comes
to work
Embassy ‘skywalks’ the talk
With the aim to alleviate the traffic perils around Embassy Manyata Business
Park, Embassy Group submitted to the Bangalore Development Authority
a proposal for a skywalk. BDA has approved the drawings and construction
work on the project has commenced.
The skywalk will have escalators to encourage the general public to use it.
This is the first such skywalk in this part of Outer Ring Road. Close to 90,000
employees working at Embassy Manyata Business Park can now rejoice with
the announcement. Traffic in the area, considered accident-prone, will now
become much smoother.
The project, fully funded by Embassy, will be maintained by Embassy
Services, allowing the amenity to benefit all pedestrians for
many years to come.
Energize Programme - Diwali Fiesta
Energize Programme - ‘Gift a Smile’ this Christmas
Embassy Office Parks made the festival of lights
musical with “Embassy Antakshari –
Corporate Challenge” where close to 900 park
users and 30+ corporate teams battled each
other out in the Musical Quiz rounds to win
the title and Diwali Gift cards. Participants
also showcased their creativity with a Diya
Painting session and took home a beautiful
souvenir created personally by them.
Diwali special fairs housed stalls on art and
craft, decorative items, diyas and lots more to
browse through or buy. In the evening, the
décor lights came on, transforming the parks
into an ethereal experience.
EMBASSY COMMERCIAL
THE EMBASSY POST 5Issue 6 - December 2015
Embassy and Cornerstone JV to set up 100 acre
business park near Whitefield
Pune. The Embassy Cornerstone Business Park will be
Embassy’s fourth business park in Bangalore.
Commenting on this new venture, Jitu Virwani, Chairman &
Managing Director, Embassy Group, said “We look forward to
working with Cornerstone and leveraging a longstanding
relationship to build our fourth business park in the city.
This will also help us offer a stronger value proposition through
additional location options to our portfolio of over 170
corporate clients. Besides North Bangalore and the CBD we will
now be present in the Whitefield area, a preferred destination
for corporate occupiers. We look at this as a win-win
partnership for both Embassy and Cornerstone.”
Embassy Group entered into an agreement with Cornerstone
Group, a leading Bangalore-based property group with strong
land banks across the city to develop a 100 acre land parcel in the
Varthur area, near Whitefield in Bangalore. The joint venture
deal, signed on 8th November 2015 envisions the development
of a large integrated business park - the Embassy Cornerstone
Business Park - with a potential 12 million sft of premium office
space backed by world-class facilities and amenities.
Embassy is today the leading commercial real estate developer in
the country – with flagship business parks like the Embassy
GolfLinks Business Park, Embassy Manyata Business Park,
Embassy TechVillage in Bangalore and Embassy TechZone in
This Christmas, Embassy Office Parks would like to give park users an opportunity to be Santa’s helpers
and fulfil their wish list. Gift a Smile to over 2000 less privileged children from 10 government schools
jointly supported by Embassy Group, Colours of Life and Gurukulam. Be there to witness the joy when
they receive these gifts and be a part of our fun activities – Bake for a Cause, Sing Along and Christmas
Market from 14th to 18th December across our Office Parks.
CXO’s are invited to contribute to an e-learning initiative at these Schools by donating Tablet-PC’s,
that will enable these children to gain access to a richer educational experience.
THE EMBASSY POST
THE GOOD LIFE. BY EMBASSY.
6Issue 6 - December 2015
Four Seasons
Private Residences
Branded Residences – all you need to know
‘The Embassy’ by Embassy Group was the first luxury residential
complex in Bangalore built more than two decades ago.
Circa 2010 -11, and in true Embassy fashion of being innovators
in property development, the Group has pioneered various types
of luxury offerings in the city with exotic sky condominiums,
Embassy ONE, a recent launch by Embassy Group hosts
the Four Seasons Hotel and Private Residences.
Four Seasons Private Residences Bengaluru is a collection of 109
signature Private Residences across two iconic 30-storey towers
at the centre of Embassy ONE, Bangalore.
A lucky few can call Four Seasons home. Owners of the
Four Seasons Private Residences enjoy exquisite design, bespoke
detail and services tailored to their individual needs and desires,
all provided by one of the world’s leading purveyors of luxury
and hospitality.
All Private Residences, from one to four bedrooms, provide
stylish, generously proportioned and luxuriously finished living
spaces, all designed and delivered to Four Seasons exacting
global standards.
The Four Seasons Private Residences, is the first branded
residences to be launched in Bangalore by an international
hospitality brand.
Branded residences are the new generation of exclusive homes
fast gaining popularity amongst connoisseurs of the good life.
With a strong foothold in the country, this niche market is
growing at 5-6% with the total share expected to peak at 6-7%.
A host of top level developers in key cities across India are tying
up with established designers and celebrities, who are brands by
themselves, to provide well-travelled Indians an opportunity to
own fashionable ‘branded’ homes and live exclusive glamourous
lifestyles right here in India. Such residences are equipped with
five-star grade hotel services, stunning architecture, interiors
designed by world renowned designers and branded fit outs.
gracious villaments, uber luxury villas and now is the first to
bring in international hospitality branded residences. And
almost all of these are in the hot new investment destination
of North Bangalore as the city grows North.
International brands like Armani, Disney, Donald Trump, Jade
Jagger and Steve Leung are in tie ups with Indian developers for
branded residences across cities like Mumbai, Delhi NCR and
Pune with Bangalore also having its fair share of such luxury
homes.
So who’s investing? High-end customers today as well as
investors who seek to be different and want to be identified with
something exclusive that reflects their elite status, would like to
be associated with the luxury brands they espouse. The 2012
report* by Knight Frank states that “the Indian market has been
very receptive to the concept of branding and links with
celebrities.” Branded residences are finding takers in celebrities,
industrialists, investment bankers and well established HNI
entrepreneurs.
For a private viewing and by appointment only,
Call: +91 81520 22222
Email: queries@embassyone.in | www.embassyone.in
Embassy sets new benchmarks in luxury living
*Source: www.rediff.com, www.99acres.com
Embassy Grove gets a celebrity
Luxury Integrated Living
THE EMBASSY POST 7Issue 6 - December 2015
"We have had this dream of owning a gracious home within a
gated community in the heart of the city.
Embassy Grove was a truly rare find, being just a few paces away
from Indiranagar’s 100 Feet Road and in the vicinity of
Koramangala - neighbourhoods where our roots are.
In fact, we have lived all our life in central Bangalore and we
couldn't think of another location where we would be at home.
We are regular golfers at KGA and a home nearby couldn't be
more ideal.
The project planning is very comforting. Secure and gated, with
ample open areas, gardens and dedicated car parks.
At the neighbourhood where our current home is located in
Koramangala, we park our cars on the streets with barely any
space to manoeuvre. We decided to buy our dream home at the
Embassy Grove for the quality of life and the reassuring standard
that Embassy as a brand has come to mean. Jitu is a very dear
friend and buying a home in his project is doubly reassuring."
Arjuna award winner, fondly called India’s Flojo, Ashwini
Nachappa, is an accomplished Indian athlete of yesteryears.
She is a noted social worker and educationist.
Clearly, luxury integrated living is a concept whose time has
come. With cities looking to decongest, developers are
increasingly looking at suburbs and are offering concepts such as
'walk-to-work', eco-friendly and safe environments across large
open spaces. Here, all aspects of living are taken care of, as
offices, educational institutions, retail, hospitality, hospitals and
recreation facilities are integrated into the project and spread
over hundreds of acres.
“In large cities, people are now open to residential solutions that
allow them to circumvent infrastructure deficit and improve
their lives," says Anuj Puri, Chairman and Country Head, Jones
Lang LaSalle (JLL) India, a property advisory firm.
THE GOOD LIFE. BY EMBASSY.
"We are seeing higher demand for properties in integrated
townships in peripheral locations where access to shopping,
education, entertainment and health-care facilities is not
necessarily centralised. In such locations, self-sustaining
townships offer a clear advantage," says Puri of JLL.
Since the demand for residential, commercial and retail
components complement each other, integrated luxury
developments will soon find popularity as an investment
into the future.
Stay tuned for the grand launch of Embassy Springs in the first
quarter of 2016.
EMBASSY SERVICES
THE EMBASSY POST 8Issue 6 - December 2015
Embassy Services wins 4th consecutive Horticulture Award
At the Mysore Horticulture Society garden competition held in January 2015 at the Lalbagh Botanical Gardens, Embassy Services won the
award for the Best Ornamental Garden. This award, for excellence in landscaping, was despite stiff competition from more than 89 private
and government organizations. The award, won by us for the 4th consecutive year, bears testimony to the efforts put in by our team over
the years in ensuring a beautiful and serene environment for our park users.
Embassy Residency’s property
management with Embassy Services
Embassy Residency, Chennai is the first
residential property of the Embassy
Group outside Bangalore. The Embassy
Residency Apartment Owner’s
Association on-boarded Embassy
Services as the property manager for
this apartment complex spread over 25
acres.
The facilities at Embassy Residency
include a swimming pool, gym and a
multipurpose hall in the phase 1 (496)
of the 2482 unit-strong apartment
complex. Phase 2 will be handed over
in 2016. Residents of Embassy
Residency now also have access to
Embassy 360, the Embassy Services
Helpdesk, for quick redressal of
issues, if any.
EDUCATION
THE EMBASSY POST
The MYP Service Programme
A collaboration with the Stonehill
Government School
As a community, our students would benefit enormously if
provided an authentic glimpse of India by interacting with
students from other walks of life. This is the crux of the MYP
Service Programme that was kick-started at Stonehill
International School.
The projects included Science Experiments, Social Studies Skills,
Math Skills, Nutrition and Healthy Living, Sports, Newspaper,
English, History through Drama and Computers. Our students
were given the option to do this service as well as to pick a
project to work on.
Nearly 100 Middle Years Programme (MYP) students, along
with a few D1 students, signed up for the Service Programme!
9Issue 6 - December 2015
The programme also has 100 students from the 7th and 8th
Grades of the Government School, who chose the project they
would like to be a part of. Some of these projects will happen at
Stonehill and the Government School.
Though teachers facilitate each project, all the planning has been
done by the students. It is an exciting project which will surely
provide many new experiences and learning for both Stonehill
and the Government School children.
The projects will culminate in an exhibition on December 11th.
We look forward to this with a lot of excitement and are ready
for the challenges of 200 students working together!
Reiterating the importance of reading in Primary 8 (P8)
In P8 we value and promote reading in many ways. We believe
that language empowers learners to communicate creatively and
effectively, as well as allowing access and engagement with the
world at large. Guided reading in P8 is a structured reading
programme held four times every week. Students read and study
the same book as a group, with a teacher, and discuss what is being
read. This is an excellent way to improve a range of reading and
communication skills.
All students take home their guided reading book to consolidate
their learning. Reading aloud at home is an excellent way for
students to develop their understanding of a text. Translating
key words and discussing the text in their native languages is a
wonderful way for students to connect the languages that they
are learning.
EMBASSY INTERNATIONAL RIDING SCHOOL
THE EMBASSY POST 10Issue 6 - December 2015
Embassy International Riding School hosts
FEI World Dressage Challenge 2015
The FEI World Dressage Challenge 2015 was held at Embassy
International Riding School (EIRS) from 3rd to 5th November
2015. Mr. Carlos Lopes and Mr. Freddy Leyman were the jury
members for the event.
The aim of this competition is to give less experienced Dressage
riders, the opportunity to compete internationally, right here in
Riders, trainers and officials at the FEI World Challenge Dressage 2015
India. Under normal circumstances, these riders are unable to
participate in Dressage events overseas.
The competition is currently divided into twelve geographical
zones, made up of four to six countries and India belongs to
Zone 8. It offers five performance levels and two age groups
(12-15 yrs; 16 yrs and older).
Equestrian Premier League
2015 - Grand Finale
The curtains came down on a glittering event that
marked the Grand Finale of the Equestrian Premier
League (EPL) at the sprawling Embassy International
Riding School.
Started in 2010, the EPL is an equestrian tournament
featuring Jumping and Dressage events aimed at
raising the bar of equestrian events in India while
affording riders an arena to showcase their talent and
increase their fitness and confidence levels.
EPL 2015 that commenced in June, concluded with
the Grand Finale held on 28th and 29th November
with many of the top riding schools and riders
competing for the coveted awards. It was also a
celebration of high fashion, food and entertainment
with the who’s who of the riding fraternity, business
and fashion in attendance.
Winners of the Open Category with Silva Storai and Jitu Virwani
Marie Lucas astride Bianco - Winner of 140 CMS Showjumping (Feature Event)
EMBASSY IN THE COMMUNITY
THE EMBASSY POST
Distribution at government schools
11
On 2nd October, 2015 Dr. Beverly Sortland, the Head of
Stonehill International School visited Stonehill Government
Higher Primary School, Tarahunse. Dr. Beverly and Shaina
Ganapathy, General Manager - Corporate Affairs, Embassy
Group distributed school uniforms and school bags to students.
All School Monitoring and Development Committee (SMDC)
members from Tarahunse Village were also present. Stonehill
Government Higher Primary School, is one among the 10
schools that Embassy supports as part of its CSR education
initiatives through our partnership with Colours of Life.
The 28th of November 2015, the third and final day of the
Parikrma Champions League witnessed an interesting
exhibition match - 'The CEO match', where CEOs and senior
management of various companies came together to form a
team to play a friendly match against the best of the
tournament ‘The Parikrma All Stars.’ Mike Holland, Michael
Cohen and Hriday Desai from Embassy Group amongst others
like Tridib Roy Chowdhury (Adobe), Mayur Bhat (HP),
Nagendra (Adobe) and Punit Soni (Flipkart) participated in the
CEO team. The CEOs put their 'best foot' forward to beat the
odds and a last minute equalizer by Embassy’s Hriday Desai
leveled the scores at 1-1.
Issue 6 - December 2015
The Chairman & Managing Director of Embassy Group, Jitu
Virwani and Lina Virwani distributed uniforms, shoes and bags
to the children of the Government Kannada & Tamil Model
Primary School, Cleveland Town. This is one of the schools
supported by Embassy as part of our CSR initiatives.
Embassy sponsors CEO Football Match
at Parikrma Champions League 2015
Parikrma Humanity Foundation is a non-profit organization
with a simple mission – to ensure that even the poorest child
from the slums can access the best possible opportunities in the
world. Founded in 2003, Parikrma currently runs 4 centres for
learning, 1 junior college and is transforming the lives of 1700
children from 70 slum communities and 4 orphanages.
Embassy's association with Parikrma has been a long and
meaningful one, with Embassy supporting this NGO in many
significant ways. It has been our privilege to donate 3 acres of
land to Parikrma Humanity Foundation for its first junior
college and vocational training institute and a full-fledged school
in North Bangalore.
Embassy ASF Shooting and Fitness Centre on Target
On 26th October, 2015, Embassy Group in partnership with
Ashwini’s Sports Foundation (ASF) launched the spanking new,
world-class Embassy ASF 10m Shooting Range and Gymnasium at
the ASF Arena in Gonikoppal, South Coorg. This is the first time in
the country that a private sports foundation has built such a
world-class facility.
ASF was founded by Ashwini Nachappa, one of India’s best known
sprinters. An Arjuna awardee, Ashwini represented India at the
Olympics in 1988 and is an Asian Games silver medallist.
The Embassy ASF Shooting Range has been built with funding from
Embassy Group and was inaugurated by Jitu Virwani,
Chairman & Managing Director of Embassy Group and his wife
Lina Virwani.
Commenting on the opening, Jitu Virwani said, “We are extremely
pleased to have collaborated with ASF to set up a facility that
matches international standards. I am sure this shooting range will
NEWS FLASH - News Bytes from Embassy
12Issue 6 - December 2015
Onam Celebrations @ Embassy Residency
On 29th August 2015, Team Embassy Residency, Chennai organized a festive
evening at the project site to celebrate Onam. The function, celebrated at the
premises of NPS received an overwhelming response from the residents of
Phase I and customers of Phase II of the project. The front courtyard was decorated
with ‘pookalams’. The evening commenced with a fantastic ‘Chendamelam’, followed
by traditional dance performances that formed the highlight of the evening. Games
of skill like balloon shooting and dart shooting kept the kids entertained. Mehendi
designs and bangle distribution were organized for the girls and ladies. An ‘Ona
Chanda’ was organized, where vendors specialized in food products from Kerala
actively participated.
India Night by Overseas Women’s Club
Embassy Group was Title Sponsor
of the India Night event organised
by the Overseas Women’s Club
(OWC). The gala evening held at
the Marriott, Whitefield on
Saturday 26th September witnessed
a gathering of expatriates in Indian
attire. The 300 guests were
entertained by Bharatnatyam and
Bollywood dance performances.
The silent auction and live auction
included a dowry box, a carpet and
a wardrobe from Mirador which
were on display.
E-mail your comments and feedback to: embassypost@embassyindia.com
Embassy Property Developments Private Limited: Embassy Point, 1st Floor,
150 Infantry Road, Bangalore 560001. Tel: +91-80-4179 9999 Fax: +91-80-2228 6912
www.embassyindia.com
Design by AQUARIUZ
help many young rifle shooting aspirants develop their talent
and become world champions at national and international
events. We stand committed to the vision of ASF and wish
them all success in their future endeavours.”
The proceeds from the two
auctions will be utilized for the
numerous Indian charities that
the OWC supports. In keeping
with the theme this year, there
was a decorated auto at the venue
for a photo opportunity.
Embassy Group showcased
Stonehill International School,
the Riding School and Embassy’s
luxury residential portfolio.
The information and visuals contained herein are artistic impressions and are meant to be indicative and are subject to change as may be required by the authorities, architects and cannot form an offer or contract. While every
reasonable care has been taken in providing the information, the promoter Embassy Property Developments Private Limited or their agents cannot be held responsible for any inaccuracies. The promoters reserve the rights to
make alterations, additions and amendments as may be necessitated from time to time. Specifications and materials mentioned here are subject to availability.

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The Embassy Post - December '15

  • 1. Issue 6 - December 2015The Embassy Group Corporate Newsletter For private circulation only INSIDE THIS ISSUE 3 11 12 NEWS FLASH EMBASSY INDUSTRIAL PARKS EMBASSY IN THE COMMUNITY 4/5EDITORIAL2 EMBASSY COMMERCIAL 9 EDUCATION 10 EIRS 6 BRANDED RESIDENCES 7 LUXURY INTEGRATED LIVING EMBASSY SERVICES 8
  • 2. EDITORIAL JITU VIRWANI Chairman and Managing Director Embassy Group CHAIRMAN’S MESSAGE THE EMBASSY POST 2Issue 6 - December 2015 Embassy Industrial Parks - addressing the distinct demand for modern industrial and warehousing spaces for the new world. In keeping with our DNA of being innovators in real estate development, we have entered the industrial parks and warehousing space as a new business vertical. With the government’s push on ‘Make in India’ bound to take manufacturing to new levels and the new E-economy bolstered by angel investors and VCs, the new marketplace reality is driving the need for modern logistics and warehousing. Given our experience and expertise over the last three decades with our successful office parks, we find this a promising business opportunity considering the challenges that this unorganised sector still holds. Ever since we announced the new venture with our global equity partner Warburg Pincus, we have received a positive response from businesses evincing interest to partner with us. You will read more about our new venture in the ensuing pages. Embassy Office Parks is ‘Where the world comes to work.’ As we come to the close of another exciting and challenging year, I am pleased to mention that in 2015 YTD we have added 14 tenants to our growing list of global and Indian corporations, notably - Wells Fargo and we signed the largest deal in India with an E-commerce company – Flipkart. Embassy welcomes these new occupiers to join over 170 corporates at our parks. Our Energize program continues to engage Park users making our parks a fun place to work. Embassy continues to set new benchmarks in luxury residential projects. This year also saw Embassy complete the buyout of the Four Seasons project which we re-launched as Embassy ONE. The new prime destination hosting the Four Seasons Hotel & Private Residences will also host top notch commercial and retail space. Do read more in the Residential section. This Diwali, we have encouraged you to partner with us in our education initiatives to support over 2000 children across 10 schools through our partner, Colours of Life, who are doing commendable work. Our vision is to extend our support to cover 30 more schools and welcome contributions to the cause. Wishing you and your family compliments of the season and all the very best for 2016! In keeping with our DNA of being innovators in real estate development, we have entered the industrial parks and warehousing space as a new business vertical. Given our experience and expertise over the last three decades with our successful office parks, we find this a promising business opportunity considering the challenges that this unorganized sector still holds.
  • 3. THE EMBASSY POST 3 EMBASSY INDUSTRIAL PARKS In October 2015, Embassy Group inked a USD 250 million agreement with Warburg Pincus, a leading global private equity firm to form Embassy Industrial Parks, a joint venture in industrial and warehousing spaces. Embassy Industrial Parks represents a synergistic relationship that brings deep experience and expertise to companies facing the logistics and warehousing challenges of a large, diverse and geographically distributed market like India. L-R: Viraj Sawhney, MD - Warburg Pincus, Jitu Virwani, Chairman & Managing Director, Embassy Group, Anshul Singhal, CEO - Embassy Industrial Parks, Nitin Malhan, MD - Warburg Pincus INDUSTRIES UNLOCKED. LOGISTICS UNBOXED. On 12th September, 2015 Embassy Group signed an MOU with the Government of Tamil Nadu at the Tamil Nadu Global Investors Meet 2015, for developing a 198-acre industrial park in the State with a projected total investment of Rs 900 crores. The proposed industrial and warehousing project, to be developed in the industrial area of Sriperumbudur is envisaged to provide world-class infrastructure for industrial locations setting up research and development, manufacturing and assembly facilities. The development will provide build-to-suit spaces to industrial and warehousing clients on a lease basis. The project will also have options for industrial land with ready infrastructure for manufacturers to set up their own factories. Issue 6 - December 2015 Embassy signs MOU with Government of Tamil Nadu at the Tamil Nadu GIM 2015 About Embassy Industrial Parks Embassy Industrial Parks will have an equity commitment of up to USD 250 million, from its joint venture partners, to fund land acquisition and development. These modern, well planned, technology-enabled industrial and warehousing spaces are currently targeted at 5 industry verticals - 3PL, E-commerce, FMCG, Automobile Ancillaries and Retail. Embassy Industrial Parks has a pan-India strategy and has created a dedicated team to execute this vision, making it one of the few players to have a focused all-India presence in this attractive segment of real estate. The immediate focus will be to take up strategic land positions near the seven key markets of Bangalore, Chennai, Delhi NCR, Hyderabad, Mumbai, Pune and Ahmedabad. These spaces will comply with the most exacting requirements for power, water and connectivity to distribution centres along major logistical corridors and ports. Commenting on the formation of the joint venture, Jitu Virwani, Chairman & Managing Director, Embassy Group, said “We look forward to working closely with Warburg Pincus and leveraging their successful global experience in the industrial real estate asset class. It also gives me great pleasure to formally announce that Anshul Singhal has come on board as the CEO of Embassy Industrial Parks. He has a track record of consistently developing new businesses, driving innovation and nurturing strong client relationships that will help Embassy Industrial Parks quickly expand our operations.” Delhi Mumbai Pune Ahmedabad Hyderabad Bangalore Chennai Key Markets Anshul Singhal, Chief Executive Officer, Embassy Industrial Parks, said “Embassy Industrial Parks is looking to build and lease 15-20 million sft over the next few years. The immediate focus will be to ensure that we take up strategic land positions to provide our clients with spaces optimized to enhance supply chain efficiencies. These spaces will be developed with a host of amenities and will ensure we comply with the most exacting requirements for power, water and connectivity to distribution centres along major logistical corridors and ports.” The market for modern industrial and warehousing spaces is rapidly expanding and is estimated to reach 125 million sft over the next five years.
  • 4. EMBASSY COMMERCIAL THE EMBASSY POST 4Issue 6 - December 2015 The IT industry employs about 10 million people in India. In 2015, about 5.8 million engineering graduates were added to the talent pool. It’s a vast, restless and young bunch of talent out there. While individual organizations are doing what they can, Embassy Office Parks is implementing work–life integration on a bigger and grander scale for all the park-users. To ensure that The work-life integration mantra, for young Indian professionals our clients and their employees get the most out of their workspaces, we are creating a whole ecosystem that supports that goal. The world-class facilities and green surroundings of Embassy Office Parks provide the kernel for park-users to strike a happy balance. A sports zone, gym*, multi cuisine food courts, etc are some of the amenities that help achieve this. *Available in some of our Parks Embassy Office Parks firmly believes in a symbiotic relationship with the communities in which we operate. All our ongoing and future projects are specially designed with environment sustainability in view. LEED certified, energy-efficient buildings, Sustainability Initiatives cycling to work and other green initiatives are not just trends but continuing initiatives. In the long run, it benefits the environment, promotes the health of park-users, and keeps utility costs down for occupiers. It is a win-win for all. Embassy Office Parks Where the world comes to work
  • 5. Embassy ‘skywalks’ the talk With the aim to alleviate the traffic perils around Embassy Manyata Business Park, Embassy Group submitted to the Bangalore Development Authority a proposal for a skywalk. BDA has approved the drawings and construction work on the project has commenced. The skywalk will have escalators to encourage the general public to use it. This is the first such skywalk in this part of Outer Ring Road. Close to 90,000 employees working at Embassy Manyata Business Park can now rejoice with the announcement. Traffic in the area, considered accident-prone, will now become much smoother. The project, fully funded by Embassy, will be maintained by Embassy Services, allowing the amenity to benefit all pedestrians for many years to come. Energize Programme - Diwali Fiesta Energize Programme - ‘Gift a Smile’ this Christmas Embassy Office Parks made the festival of lights musical with “Embassy Antakshari – Corporate Challenge” where close to 900 park users and 30+ corporate teams battled each other out in the Musical Quiz rounds to win the title and Diwali Gift cards. Participants also showcased their creativity with a Diya Painting session and took home a beautiful souvenir created personally by them. Diwali special fairs housed stalls on art and craft, decorative items, diyas and lots more to browse through or buy. In the evening, the décor lights came on, transforming the parks into an ethereal experience. EMBASSY COMMERCIAL THE EMBASSY POST 5Issue 6 - December 2015 Embassy and Cornerstone JV to set up 100 acre business park near Whitefield Pune. The Embassy Cornerstone Business Park will be Embassy’s fourth business park in Bangalore. Commenting on this new venture, Jitu Virwani, Chairman & Managing Director, Embassy Group, said “We look forward to working with Cornerstone and leveraging a longstanding relationship to build our fourth business park in the city. This will also help us offer a stronger value proposition through additional location options to our portfolio of over 170 corporate clients. Besides North Bangalore and the CBD we will now be present in the Whitefield area, a preferred destination for corporate occupiers. We look at this as a win-win partnership for both Embassy and Cornerstone.” Embassy Group entered into an agreement with Cornerstone Group, a leading Bangalore-based property group with strong land banks across the city to develop a 100 acre land parcel in the Varthur area, near Whitefield in Bangalore. The joint venture deal, signed on 8th November 2015 envisions the development of a large integrated business park - the Embassy Cornerstone Business Park - with a potential 12 million sft of premium office space backed by world-class facilities and amenities. Embassy is today the leading commercial real estate developer in the country – with flagship business parks like the Embassy GolfLinks Business Park, Embassy Manyata Business Park, Embassy TechVillage in Bangalore and Embassy TechZone in This Christmas, Embassy Office Parks would like to give park users an opportunity to be Santa’s helpers and fulfil their wish list. Gift a Smile to over 2000 less privileged children from 10 government schools jointly supported by Embassy Group, Colours of Life and Gurukulam. Be there to witness the joy when they receive these gifts and be a part of our fun activities – Bake for a Cause, Sing Along and Christmas Market from 14th to 18th December across our Office Parks. CXO’s are invited to contribute to an e-learning initiative at these Schools by donating Tablet-PC’s, that will enable these children to gain access to a richer educational experience.
  • 6. THE EMBASSY POST THE GOOD LIFE. BY EMBASSY. 6Issue 6 - December 2015 Four Seasons Private Residences Branded Residences – all you need to know ‘The Embassy’ by Embassy Group was the first luxury residential complex in Bangalore built more than two decades ago. Circa 2010 -11, and in true Embassy fashion of being innovators in property development, the Group has pioneered various types of luxury offerings in the city with exotic sky condominiums, Embassy ONE, a recent launch by Embassy Group hosts the Four Seasons Hotel and Private Residences. Four Seasons Private Residences Bengaluru is a collection of 109 signature Private Residences across two iconic 30-storey towers at the centre of Embassy ONE, Bangalore. A lucky few can call Four Seasons home. Owners of the Four Seasons Private Residences enjoy exquisite design, bespoke detail and services tailored to their individual needs and desires, all provided by one of the world’s leading purveyors of luxury and hospitality. All Private Residences, from one to four bedrooms, provide stylish, generously proportioned and luxuriously finished living spaces, all designed and delivered to Four Seasons exacting global standards. The Four Seasons Private Residences, is the first branded residences to be launched in Bangalore by an international hospitality brand. Branded residences are the new generation of exclusive homes fast gaining popularity amongst connoisseurs of the good life. With a strong foothold in the country, this niche market is growing at 5-6% with the total share expected to peak at 6-7%. A host of top level developers in key cities across India are tying up with established designers and celebrities, who are brands by themselves, to provide well-travelled Indians an opportunity to own fashionable ‘branded’ homes and live exclusive glamourous lifestyles right here in India. Such residences are equipped with five-star grade hotel services, stunning architecture, interiors designed by world renowned designers and branded fit outs. gracious villaments, uber luxury villas and now is the first to bring in international hospitality branded residences. And almost all of these are in the hot new investment destination of North Bangalore as the city grows North. International brands like Armani, Disney, Donald Trump, Jade Jagger and Steve Leung are in tie ups with Indian developers for branded residences across cities like Mumbai, Delhi NCR and Pune with Bangalore also having its fair share of such luxury homes. So who’s investing? High-end customers today as well as investors who seek to be different and want to be identified with something exclusive that reflects their elite status, would like to be associated with the luxury brands they espouse. The 2012 report* by Knight Frank states that “the Indian market has been very receptive to the concept of branding and links with celebrities.” Branded residences are finding takers in celebrities, industrialists, investment bankers and well established HNI entrepreneurs. For a private viewing and by appointment only, Call: +91 81520 22222 Email: queries@embassyone.in | www.embassyone.in Embassy sets new benchmarks in luxury living *Source: www.rediff.com, www.99acres.com
  • 7. Embassy Grove gets a celebrity Luxury Integrated Living THE EMBASSY POST 7Issue 6 - December 2015 "We have had this dream of owning a gracious home within a gated community in the heart of the city. Embassy Grove was a truly rare find, being just a few paces away from Indiranagar’s 100 Feet Road and in the vicinity of Koramangala - neighbourhoods where our roots are. In fact, we have lived all our life in central Bangalore and we couldn't think of another location where we would be at home. We are regular golfers at KGA and a home nearby couldn't be more ideal. The project planning is very comforting. Secure and gated, with ample open areas, gardens and dedicated car parks. At the neighbourhood where our current home is located in Koramangala, we park our cars on the streets with barely any space to manoeuvre. We decided to buy our dream home at the Embassy Grove for the quality of life and the reassuring standard that Embassy as a brand has come to mean. Jitu is a very dear friend and buying a home in his project is doubly reassuring." Arjuna award winner, fondly called India’s Flojo, Ashwini Nachappa, is an accomplished Indian athlete of yesteryears. She is a noted social worker and educationist. Clearly, luxury integrated living is a concept whose time has come. With cities looking to decongest, developers are increasingly looking at suburbs and are offering concepts such as 'walk-to-work', eco-friendly and safe environments across large open spaces. Here, all aspects of living are taken care of, as offices, educational institutions, retail, hospitality, hospitals and recreation facilities are integrated into the project and spread over hundreds of acres. “In large cities, people are now open to residential solutions that allow them to circumvent infrastructure deficit and improve their lives," says Anuj Puri, Chairman and Country Head, Jones Lang LaSalle (JLL) India, a property advisory firm. THE GOOD LIFE. BY EMBASSY. "We are seeing higher demand for properties in integrated townships in peripheral locations where access to shopping, education, entertainment and health-care facilities is not necessarily centralised. In such locations, self-sustaining townships offer a clear advantage," says Puri of JLL. Since the demand for residential, commercial and retail components complement each other, integrated luxury developments will soon find popularity as an investment into the future. Stay tuned for the grand launch of Embassy Springs in the first quarter of 2016.
  • 8. EMBASSY SERVICES THE EMBASSY POST 8Issue 6 - December 2015 Embassy Services wins 4th consecutive Horticulture Award At the Mysore Horticulture Society garden competition held in January 2015 at the Lalbagh Botanical Gardens, Embassy Services won the award for the Best Ornamental Garden. This award, for excellence in landscaping, was despite stiff competition from more than 89 private and government organizations. The award, won by us for the 4th consecutive year, bears testimony to the efforts put in by our team over the years in ensuring a beautiful and serene environment for our park users. Embassy Residency’s property management with Embassy Services Embassy Residency, Chennai is the first residential property of the Embassy Group outside Bangalore. The Embassy Residency Apartment Owner’s Association on-boarded Embassy Services as the property manager for this apartment complex spread over 25 acres. The facilities at Embassy Residency include a swimming pool, gym and a multipurpose hall in the phase 1 (496) of the 2482 unit-strong apartment complex. Phase 2 will be handed over in 2016. Residents of Embassy Residency now also have access to Embassy 360, the Embassy Services Helpdesk, for quick redressal of issues, if any.
  • 9. EDUCATION THE EMBASSY POST The MYP Service Programme A collaboration with the Stonehill Government School As a community, our students would benefit enormously if provided an authentic glimpse of India by interacting with students from other walks of life. This is the crux of the MYP Service Programme that was kick-started at Stonehill International School. The projects included Science Experiments, Social Studies Skills, Math Skills, Nutrition and Healthy Living, Sports, Newspaper, English, History through Drama and Computers. Our students were given the option to do this service as well as to pick a project to work on. Nearly 100 Middle Years Programme (MYP) students, along with a few D1 students, signed up for the Service Programme! 9Issue 6 - December 2015 The programme also has 100 students from the 7th and 8th Grades of the Government School, who chose the project they would like to be a part of. Some of these projects will happen at Stonehill and the Government School. Though teachers facilitate each project, all the planning has been done by the students. It is an exciting project which will surely provide many new experiences and learning for both Stonehill and the Government School children. The projects will culminate in an exhibition on December 11th. We look forward to this with a lot of excitement and are ready for the challenges of 200 students working together! Reiterating the importance of reading in Primary 8 (P8) In P8 we value and promote reading in many ways. We believe that language empowers learners to communicate creatively and effectively, as well as allowing access and engagement with the world at large. Guided reading in P8 is a structured reading programme held four times every week. Students read and study the same book as a group, with a teacher, and discuss what is being read. This is an excellent way to improve a range of reading and communication skills. All students take home their guided reading book to consolidate their learning. Reading aloud at home is an excellent way for students to develop their understanding of a text. Translating key words and discussing the text in their native languages is a wonderful way for students to connect the languages that they are learning.
  • 10. EMBASSY INTERNATIONAL RIDING SCHOOL THE EMBASSY POST 10Issue 6 - December 2015 Embassy International Riding School hosts FEI World Dressage Challenge 2015 The FEI World Dressage Challenge 2015 was held at Embassy International Riding School (EIRS) from 3rd to 5th November 2015. Mr. Carlos Lopes and Mr. Freddy Leyman were the jury members for the event. The aim of this competition is to give less experienced Dressage riders, the opportunity to compete internationally, right here in Riders, trainers and officials at the FEI World Challenge Dressage 2015 India. Under normal circumstances, these riders are unable to participate in Dressage events overseas. The competition is currently divided into twelve geographical zones, made up of four to six countries and India belongs to Zone 8. It offers five performance levels and two age groups (12-15 yrs; 16 yrs and older). Equestrian Premier League 2015 - Grand Finale The curtains came down on a glittering event that marked the Grand Finale of the Equestrian Premier League (EPL) at the sprawling Embassy International Riding School. Started in 2010, the EPL is an equestrian tournament featuring Jumping and Dressage events aimed at raising the bar of equestrian events in India while affording riders an arena to showcase their talent and increase their fitness and confidence levels. EPL 2015 that commenced in June, concluded with the Grand Finale held on 28th and 29th November with many of the top riding schools and riders competing for the coveted awards. It was also a celebration of high fashion, food and entertainment with the who’s who of the riding fraternity, business and fashion in attendance. Winners of the Open Category with Silva Storai and Jitu Virwani Marie Lucas astride Bianco - Winner of 140 CMS Showjumping (Feature Event)
  • 11. EMBASSY IN THE COMMUNITY THE EMBASSY POST Distribution at government schools 11 On 2nd October, 2015 Dr. Beverly Sortland, the Head of Stonehill International School visited Stonehill Government Higher Primary School, Tarahunse. Dr. Beverly and Shaina Ganapathy, General Manager - Corporate Affairs, Embassy Group distributed school uniforms and school bags to students. All School Monitoring and Development Committee (SMDC) members from Tarahunse Village were also present. Stonehill Government Higher Primary School, is one among the 10 schools that Embassy supports as part of its CSR education initiatives through our partnership with Colours of Life. The 28th of November 2015, the third and final day of the Parikrma Champions League witnessed an interesting exhibition match - 'The CEO match', where CEOs and senior management of various companies came together to form a team to play a friendly match against the best of the tournament ‘The Parikrma All Stars.’ Mike Holland, Michael Cohen and Hriday Desai from Embassy Group amongst others like Tridib Roy Chowdhury (Adobe), Mayur Bhat (HP), Nagendra (Adobe) and Punit Soni (Flipkart) participated in the CEO team. The CEOs put their 'best foot' forward to beat the odds and a last minute equalizer by Embassy’s Hriday Desai leveled the scores at 1-1. Issue 6 - December 2015 The Chairman & Managing Director of Embassy Group, Jitu Virwani and Lina Virwani distributed uniforms, shoes and bags to the children of the Government Kannada & Tamil Model Primary School, Cleveland Town. This is one of the schools supported by Embassy as part of our CSR initiatives. Embassy sponsors CEO Football Match at Parikrma Champions League 2015 Parikrma Humanity Foundation is a non-profit organization with a simple mission – to ensure that even the poorest child from the slums can access the best possible opportunities in the world. Founded in 2003, Parikrma currently runs 4 centres for learning, 1 junior college and is transforming the lives of 1700 children from 70 slum communities and 4 orphanages. Embassy's association with Parikrma has been a long and meaningful one, with Embassy supporting this NGO in many significant ways. It has been our privilege to donate 3 acres of land to Parikrma Humanity Foundation for its first junior college and vocational training institute and a full-fledged school in North Bangalore.
  • 12. Embassy ASF Shooting and Fitness Centre on Target On 26th October, 2015, Embassy Group in partnership with Ashwini’s Sports Foundation (ASF) launched the spanking new, world-class Embassy ASF 10m Shooting Range and Gymnasium at the ASF Arena in Gonikoppal, South Coorg. This is the first time in the country that a private sports foundation has built such a world-class facility. ASF was founded by Ashwini Nachappa, one of India’s best known sprinters. An Arjuna awardee, Ashwini represented India at the Olympics in 1988 and is an Asian Games silver medallist. The Embassy ASF Shooting Range has been built with funding from Embassy Group and was inaugurated by Jitu Virwani, Chairman & Managing Director of Embassy Group and his wife Lina Virwani. Commenting on the opening, Jitu Virwani said, “We are extremely pleased to have collaborated with ASF to set up a facility that matches international standards. I am sure this shooting range will NEWS FLASH - News Bytes from Embassy 12Issue 6 - December 2015 Onam Celebrations @ Embassy Residency On 29th August 2015, Team Embassy Residency, Chennai organized a festive evening at the project site to celebrate Onam. The function, celebrated at the premises of NPS received an overwhelming response from the residents of Phase I and customers of Phase II of the project. The front courtyard was decorated with ‘pookalams’. The evening commenced with a fantastic ‘Chendamelam’, followed by traditional dance performances that formed the highlight of the evening. Games of skill like balloon shooting and dart shooting kept the kids entertained. Mehendi designs and bangle distribution were organized for the girls and ladies. An ‘Ona Chanda’ was organized, where vendors specialized in food products from Kerala actively participated. India Night by Overseas Women’s Club Embassy Group was Title Sponsor of the India Night event organised by the Overseas Women’s Club (OWC). The gala evening held at the Marriott, Whitefield on Saturday 26th September witnessed a gathering of expatriates in Indian attire. The 300 guests were entertained by Bharatnatyam and Bollywood dance performances. The silent auction and live auction included a dowry box, a carpet and a wardrobe from Mirador which were on display. E-mail your comments and feedback to: embassypost@embassyindia.com Embassy Property Developments Private Limited: Embassy Point, 1st Floor, 150 Infantry Road, Bangalore 560001. Tel: +91-80-4179 9999 Fax: +91-80-2228 6912 www.embassyindia.com Design by AQUARIUZ help many young rifle shooting aspirants develop their talent and become world champions at national and international events. We stand committed to the vision of ASF and wish them all success in their future endeavours.” The proceeds from the two auctions will be utilized for the numerous Indian charities that the OWC supports. In keeping with the theme this year, there was a decorated auto at the venue for a photo opportunity. Embassy Group showcased Stonehill International School, the Riding School and Embassy’s luxury residential portfolio. The information and visuals contained herein are artistic impressions and are meant to be indicative and are subject to change as may be required by the authorities, architects and cannot form an offer or contract. While every reasonable care has been taken in providing the information, the promoter Embassy Property Developments Private Limited or their agents cannot be held responsible for any inaccuracies. The promoters reserve the rights to make alterations, additions and amendments as may be necessitated from time to time. Specifications and materials mentioned here are subject to availability.