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Embassy Group is headed by Jitu Virwani, Chairman & Managing Director of the group. [2] [3] [4] Embassy also operates a real estate investment trust (REIT), called Embassy Office Parks REIT. [5] Embassy Office Parks is the first listed REIT in India and the Asia's largest office REIT by area. [5]
In order to become a REIT, the organization needs to be registered as a corporation, trust, or association; it needs to be run by one or numerous trustees or directors. [2] A taxable REIT subsidiary (TRS) is a directly or indirectly REIT-owned corporation that was cooperatively elected alongside the REIT to be managed as a TRS for tax reasons.
REITs were created in the United States after President Dwight D. Eisenhower signed Public Law 86-779, sometimes called the Cigar Excise Tax Extension of 1960. [12] [13] The law was enacted to allow all investors to invest in large-scale, diversified portfolios of income-producing real estate in the same way they typically invest in other asset classes – through the purchase and sale of ...
The disposing company must dispose of shares or an interest in shares of another company. [1] The company must have held a "substantial shareholding" in the other company for a continuous period of at least 12 months in the preceding two years. [2] This will be extended to the preceding six years for disposals on or after 1 April 2017. [3]
Direct Holding System e.g. The Direct Registration System (DRS) A direct holding system is an arrangement for registering ownership of securities (or similar interests) whereby every final investor in the security is registered with a single entity (for example, the issuer itself, a CSD, or a registry).
Real estate economics is the application of economic techniques to real estate markets. It aims to describe and predict economic patterns of supply and demand . The closely related field of housing economics is narrower in scope, concentrating on residential real estate markets, while the research on real estate trends focuses on the business ...
Mapletree Investments Pte Ltd is a global real estate development, investment, capital and property management company committed to sustainability. Headquartered in Singapore, the Group currently manages three Singapore-listed real estate investment trusts (REITs) and nine private equity real estate funds, which hold a diverse portfolio of assets in Asia Pacific, Europe, the United Kingdom (UK ...
CapitaLand Ascendas REIT brought its London data centre footprint to five in 2023 by buying the 31MW Chess Building data centre from Digital Realty for £125.1m ($159m). [ 28 ] In March 2024, CapitaLand India Trust acquired an industrial property from developer Nalanda Shelter Private in the Indian state of Pune for 7.73bn Indian rupees (€86m).