Distressed office assets are emerging across cities, throwing up opportunities for large developers backed by private equity (PE) funds to buy into incomplete or stalled office projects, special development enclaves or undeveloped land, a trend that has played out in the residential sector in recent years. Bengaluru-based Embassy Group is buying out a 60% stake in a stalled special economic zone (SEZ) in Chennai’s Pallavaram area, in a transaction that is expected to conclude soon.
Read more: Livemint
