Bengaluru, India, 25th September 2023 Embassy Office Parks REIT (NSE: EMBASSY / BSE: 542602) (‘Embassy REIT’), India’s first listed REIT and the largest office REIT in Asia by area, today flagged off the 8th edition of Embassy Pedal for the Planet, a premier cycling event at Embassy TechVillage (ETV). Spread over 103 acres, ETV is a cutting-edge, integrated office park in Bengaluru, which houses over 45,000 employees from marquee multinational occupiers, and is a complete business ecosystem providing world-class amenities.
Pedal for the Planet, a flagship Embassy REIT event, dedicated to promoting sustainable commuting, saw overwhelming participation this year from over 1300 cycling enthusiasts, including many Embassy REIT’s office park users.
Aravind Maiya, Chief Executive Officer, Embassy REIT, said,“We’re pleased to host this exciting event, which has become a cornerstone of the local cycling calendar, drawing participants from all over the city for a day of eco-friendly fun, fitness, and camaraderie. At Embassy REIT, we’re always looking for ways to create more buzz in our office parks, and this year’s event received a fantastic response from our 100+ occupiers across our Bengaluru properties. This initiative further aligns with our efforts to promote sustainability across our business operations.”
The event featured four categories – a 40 km Pro-Elite ride open to men and women above the age of 16 for professional athletes, a 25 km Amateur ride open to men and women over 14 years, a 15-km Fun ride open to all over the age of 13 and a 1 km Fun ride open to children under the age of 12.
With a sustainability theme at its core, some of the environmental initiatives at the event included tree planting for every registration, no single-use plastic zone, efficient waste management and recycling, among others. All funds raised at the event were donated to non-profit causes for the upliftment of underprivileged children and transformation of local community schools.
Recognized for its modern infrastructure, exceptional office spaces, and amenities, Embassy TechVillage is a 9.6 msf LEED platinum-rated business park. The property also recently opened its sprawling 8-acre Central Garden, which includes one of the biggest sports zones in Bengaluru, multiple retail, F&B and break-out spaces. In addition, the upcoming 518-keys dual-branded Hilton Hotels will further add to the overall moat of the asset.