Embassy launches hospitality-cum branded residences project at Bengaluru

Embassy Group, one of India's leading real estate   developers has announced the launch of its latest project at Bengaluru. Christened - Embassy One, the project will be a mixed-use development that will host the Four Seasons hotel, private residences and prime retail and commercial offices in the city.

The Embassy one project, previously known as CityView, has now been acquired by the Embassy group from its earlier promoters in tandem with Blackstone, the global asset management company.

Conveniently located between the city's central business district, international airport and within Bengaluru's Outer Ring Road, the 1.5 million sq. ft development is set on seven acres overlooking lush Institutional and defence establishments.

The development comprises a Four Seasons Hotel and Private Residences which will be spread over two towers - one 30-storey tower housing the Hotel and Private Residences, and a second 30-storey tower exclusively dedicated to hosting Private Residences.

These twin towers will be further complemented by a third 13-storeyed tower which will offer approx 235,000 sq. ft of prime commercial and retail space.

The Four Seasons Hotel here will include 230 guest rooms and suites exquisitely designed by interior design firm Yabu Pushelberg as well as vibrant dining options and amenities. The commercial tower will provide 175,000 sq. ft. of international-specification office space.

The building will feature efficient floor plates, air-conditioning and floor-to-ceiling glass offering panoramic views. Complementing the commercial space, the development will include a 60,000 sq. ft. retail area, conveniently located with comprehensive collection of exclusive names and quality brands, making it a unique shopping and dining destination in Bengaluru.

Conceptualised as a luxury destination, Embassy One is slated to be a place of continual evolution and prosperity, where people from around the world will desire to live, work and visit.

The Embassy group has successfully brought together some of the finest architects and designers from around the world to take charge of this project with the goal of creating a haven of luxury in the heart of Bengaluru.

In line with the overall ethos of the development, the retail space will deliver a premium lifestyle offering, while the exclusive offices will be of an International Grade A standard. This will be the premier address for companies in Bengaluru as well as discerning travellers and real estate investors in search of uncompromised luxury.

Commenting on the acquisition, Jitu Virwani, CMD, Embassy Group, said, "This announcement reinforces the Embassy Group's continued focus on creating a portfolio of prime, mixed-use developments with a strong focus on the North Bengaluru corridor. This also extends our presence in the hospitality segment while allowing us to address the growing demand for branded private residences."

Sharing his views, Tuhin Parikh, Senior Managing Director, Blackstone Real Estate Group, said "Embassy One will be the benchmark of luxury, sophistication and lifestyle for business, living and recreation. With this acquisition, we continue to expand our footprint in the hospitality sector across the country."

"Four Seasons is thrilled to be working with Embassy Group and Blackstone on this important development and to be introducing the highest standard of luxury to the city" stated Michael A. Crawford, President, Four Seasons Hotels and Resorts (Asia-Pacific).

"We look to align ourselves with partners that share our vision and commitment to excellence and know we've found this in these two partners. Since opening our first hotel in Mumbai seven years ago, we have been keen to expand in India and we look forward to establishing Four Seasons in Bengaluru."

This acquisition complements Embassy Group's strong northern corridor strategy which today includes the flagship Embassy Manyata Office Park, India's largest integrated business park, as well as existing premium residential developments Embassy Boulevard and Embassy Lake Terraces and other proposed projects including Embassy Knowledge Park and the Embassy Springs integrated township.