embassy post - december

Issue 6 - December 2015The Embassy Group Corporate Newsletter For private circulation only

INSIDE THIS ISSUE

3

11 12 NEWS FLASH

EMBASSYINDUSTRIAL PARKS

EMBASSY IN THE COMMUNITY

4/5EDITORIAL2 EMBASSYCOMMERCIAL

9 EDUCATION 10 EIRS

6 BRANDED RESIDENCES

7 LUXURY INTEGRATED

LIVING

EMBASSYSERVICES

8

EDITORIAL

JITU VIRWANIChairman 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 o�ce parks, we �nd 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 O�ce 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. �is year also saw Embassy complete the buyout of the Four Seasons project which we re-launched as Embassy ONE. �e 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.

�is 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 o�ce parks, we �nd 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 �rm 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 anMOU 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.�e 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. �e development will provide build-to-suit spaces to industrial and warehousing clients on a lease basis.�e 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 ParksEmbassy Industrial Parks will have an equity commitment of up to USD 250 million, from its joint venture partners, to fund land acquisition and development. �ese 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. �e 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. �ese 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 O�cer, Embassy Industrial Parks, said “Embassy Industrial Parks is looking to build and lease 15-20 million s� over the next few years. �e immediate focus will be to ensure that we take up strategic land positions to provide our clients with spaces optimized to enhance supply chain e�ciencies. �ese 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.” �e market for modern industrial and warehousing spaces is rapidly expanding and is estimated to reach 125 million s� over the next �ve years.

EMBASSY COMMERCIAL


�e IT industry employs about 10 million people in India. In 2015, about 5.8 million engineering graduates were added tothe talent pool. It’s a vast, restless and young bunch of talent out there. While individual organizations are doing what they can, Embassy O�ce 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. �e world-class facilities and green surroundings of Embassy O�ce 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 O�ce Parks �rmly 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 certi�ed, energy-e�cient buildings,

Sustainability Initiativescycling to work and other green initiatives are not just trends but continuing initiatives. In the long run, it bene�ts the environment, promotes the health of park-users, and keeps utility costs down for occupiers. It is a win-win for all.

Embassy OfficeParks Where theworld comes to work

Embassy ‘skywalks’ the talkWith the aim to alleviate the tra�c perils around Embassy Manyata Business Park, Embassy Group submitted to the Bangalore Development Authoritya proposal for a skywalk. BDA has approved the drawings and construction work on the project has commenced.

�e skywalk will have escalators to encourage the general public to use it. �is is the �rst 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. Tra�c in the area, considered accident-prone, will now become much smoother.

�e project, fully funded by Embassy, will be maintained by Embassy Services, allowing the amenity to bene�t all pedestrians formany years to come.

Energize Programme - Diwali Fiesta

Energize Programme - ‘Gift a Smile’ this Christmas

Embassy O�ce 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 Gi� 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 cra�, 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


Embassy and Cornerstone JV to set up 100 acre business park near Whitefield

Pune. �e 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. �is will also help us o�er 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 White�eld 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 White�eld in Bangalore. �e joint venture deal, signed on 8th November 2015 envisions the developmentof a large integrated business park - the Embassy Cornerstone Business Park - with a potential 12 million s� of premium o�ce space backed by world-class facilities and amenities.Embassy is today the leading commercial real estate developer in the country – with �agship business parks like the Embassy GolfLinks Business Park, Embassy Manyata Business Park, Embassy TechVillage in Bangalore and Embassy TechZone in

�is Christmas, Embassy O�ce Parks would like to give park users an opportunity to be Santa’s helpers and ful�l their wish list. Gi� 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 gi�s and be a part of our fun activities – Bake for a Cause, Sing Along and Christmas Market from 14th to 18th December across our O�ce 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

‘�e Embassy’ by Embassy Group was the �rst 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 o�erings 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 �nished living spaces, all designed and delivered to Four Seasons exacting global standards.

�e Four Seasons Private Residences, is the �rst 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 �ve-star grade hotel services, stunning architecture, interiors designed by world renowned designers and branded �t outs.

gracious villaments, uber luxury villas and now is the �rst 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 di�erent and want to be identi�ed with something exclusive that re�ects their elite status, would like to be associated with the luxury brands they espouse. �e 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 �nding takers in celebrities, industrialists, investment bankers and well established HNI entrepreneurs.

For a private viewing and by appointment only, Call: +91 81520 22222 Email: [email protected] | www.embassyone.in

Embassy sets new benchmarks in luxury living

*Source: www.redi�.com, www.99acres.com

Embassy Grove gets a celebrity

Luxury Integrated Living


"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 �nd, 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.

�e 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 o�ering 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 o�ces, 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 de�cit and improve their lives," says Anuj Puri, Chairman and Country Head, Jones Lang LaSalle (JLL) India, a property advisory �rm.

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 o�er a clear advantage," says Puri of JLL.

Since the demand for residential, commercial and retail components complement each other, integrated luxury developments will soon �nd popularity as an investment into the future.

Stay tuned for the grand launch of Embassy Springs in the �rst quarter of 2016.

EMBASSY SERVICES


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. �is award, for excellence in landscaping, was despite sti� competition from more than 89 private and government organizations. �e award, won by us for the 4th consecutive year, bears testimony to the e�orts put in by our team over the years in ensuring a beautiful and serene environment for our park users.

Embassy Residency’s propertymanagement with Embassy Services

Embassy Residency, Chennai is the �rst residential property of the Embassy Group outside Bangalore. �e Embassy Residency Apartment Owner’s Association on-boarded Embassy Services as the property manager for this apartment complex spread over 25 acres.

�e 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 SchoolAs a community, our students would bene�t enormously if provided an authentic glimpse of India by interacting with students from other walks of life. �is is the crux of the MYP Service Programme that was kick-started at Stonehill International School.

�e 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!


�e 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.

�ough 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.

�e 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 e�ectively, 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. �is 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


Embassy International Riding School hosts

FEI World Dressage Challenge 2015

�e 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.

�e aim of this competition is to give less experienced Dressage riders, the opportunity to compete internationally, right here in

Riders, trainers and o�cials at the FEI World Challenge Dressage 2015

India. Under normal circumstances, these riders are unable to participate in Dressage events overseas.

�e competition is currently divided into twelve geographical zones, made up of four to six countries and India belongs to Zone 8. It o�ers �ve performance levels and two age groups (12-15 yrs; 16 yrs and older).

Equestrian Premier League 2015 - Grand Finale�e 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 a�ording riders an arena to showcase their talent and increase their �tness and con�dence 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 A�airs, 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.

�e 28th of November 2015, the third and �nal day of the Parikrma Champions League witnessed an interesting exhibition match - '�e 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 ‘�e 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. �e 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

�e 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. �is is one of the schools supported by Embassy as part of our CSR initiatives.

Embassy sponsors CEO Football Matchat Parikrma Champions League 2015

Parikrma Humanity Foundation is a non-pro�t 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 signi�cant ways. It has been our privilege to donate 3 acres of land to Parikrma Humanity Foundation for its �rst junior college and vocational training institute and a full-�edged 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. �is is the �rst 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. �e 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


Onam Celebrations @ Embassy ResidencyOn 29th August 2015, Team Embassy Residency, Chennai organized a festive evening at the project site to celebrate Onam. �e 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. �e front courtyard was decorated with ‘pookalams’. �e 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 ClubEmbassy Group was Title Sponsor of the India Night event organised by the Overseas Women’s Club (OWC). �e gala evening held at the Marriott, White�eld on Saturday 26th September witnessed a gathering of expatriates in Indian attire. �e 300 guests were entertained by Bharatnatyam and Bollywood dance performances. �e 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: [email protected] 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 ri�e 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.”

�e proceeds from the two auctions will be utilized for the numerous Indian charities thatthe 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.

�e 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 o�er 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. �e promoters reserve the rights to make alterations, additions and amendments as may be necessitated from time to time. Speci�cations and materials mentioned here are subject to availability.

embassy post - december

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