Embassy Group Looking To Monetise Warehousing Business

Bengaluru-based Embassy Group, which in 2015 formed a joint venture with private equity firm Warburg Pincus to buid industrial parks, is looking to monetise completed and under-construction assets of the JV. It is in talks with Indospace and ESR to monetise it’s warehousing and industrial parks business at an enterprise value of Rs 1,700-2,000 crore.  Property consultant ANAROCK is helping Embassy Group in this proposed deal. Embassy Group is evaluating various options to monetise Embassy Industrial Parks. It could be the outright sale of the company or some new fund might come in as a new investor. Embassy Group has a lot of land bank to create large portfolio of warehousing and industrial parks. The Indian warehousing sector is growing rapidly on strong demand from third-party logistics and e-commerce sector, encourgaing many players to enter this space.