Embassy Office Parks REIT (NSE: EMBASSY / BSE: 542602) (‘Embassy REIT’), India’s first listed REIT and the largest office REIT in Asia by area, today launched ‘Pedal for the Planet’, a one of its kind cycling event at Embassy Manyata, Bengaluru.
Aimed at promoting cleaner, greener ways of commuting and living, this flagship cycling event witnessed over 1000 avid cyclists from across Bengaluru pedal their way for the cause of the environment, including many Embassy REIT office park users. Located in the heart of North Bengaluru and spread over 120 acres, Embassy Manyata is one of India’s largest office parks with over 14 msf total area.
Vikaash Khdloya, CEO, Embassy REIT, said,
“ESG is a key priority for us at Embassy REIT, and as we progress in our sustainability journey, our focus is to create and maintain green, wellness-oriented workspaces for our world-class occupiers and to reduce our carbon footprint as part of our net-zero commitment. Through Pedal for the Planet, we are promoting people to contribute to a greener and more sustainable ecosystem.”
Embassy Pedal for the Planet featured six competition categories, including a 40-km pro-elite ride open to men and women above the age of 16 to encourage participation from professional athletes. There was also a 25-km amateur ride open to men and women over the age of 14, a 15-km fun ride open to all over the age of 13 and a 1-km fun ride open to children under the age of 12.
Embassy REIT has donated all funds raised at the event to non-profit causes for the upliftment of underprivileged children and transformation of community schools into institutes of excellence.
About Embassy REIT
Embassy REIT is India’s first publicly listed Real Estate Investment Trust. Embassy REIT owns and operates a 42.8 million square feet (‘msf’) portfolio of eight infrastructure-like office parks and four city‑centre office buildings in India’s best-performing office markets of Bangalore, Mumbai, Pune, and the National Capital Region (‘NCR’). Embassy REIT’s portfolio comprises 33.8 msf completed operating area and is home to over 200 of the world’s leading companies. The portfolio also comprises strategic amenities, including four operational business hotels, two under‑construction hotels, and a 100 MW solar park supplying renewable energy to tenants. For more information, please visit www.embassyofficeparks.com.