Embassy Office Parks is placing top commercial assets across India under a real estate investment trust (REIT) it is creating to raise $1 billion, two people familiar with the development said, even as a key partner K.J. George has decided not to participate in the trust. The proposed REIT earlier included only office assets of Embassy Office Parks in Bengaluru and Pune, an investment partnership between Embassy Group and global investor Blackstone Group LP, along with other stakeholders.
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