• August 2, 2021

Embassy REIT collaborates with Corporates to offer medical assist to authorities hospitals in Bengaluru, Well being Information, ET HealthWorld

May 21, 2021

Embassy Workplace Parks REIT (‘Embassy REIT’), India’s first listed REIT and the biggest in Asia by space, has led a consortium of their Workplace Park tenants to set-up 69 absolutely fitted ICU beds, life-saving medical gear and manpower to operationalize ICUs in 3 authorities hospitals in Bengaluru.

Embassy REIT, via its Company Join Programme, has mobilized over Rs 7.3 crores with corporates companions ANZ, Swiss Re and CapitaLand, amongst others.

“Embassy REIT managed the initiative to liaise with the Well being Division to establish the beneficiary hospitals, shortlisted suppliers for the life-saving medical gear, and raised funds in the direction of activating this important reduction initiative in the direction of strengthening the Authorities’s effort to handle Covid-19,” mentioned the corporate.

At the moment, 46 of the 69 ICU Beds are within the strategy of being set-up and operationalized on the Epidemic Ailments Hospital in Indiranagar and Jayanagar Basic Hospital. The remaining 23 ICU Beds will probably be finalized within the coming week. The beneficiaries of those hospitals will obtain therapy freed from price.

As per Embassy, hospitals will even profit from manpower help from Docs for You, Cloud Physicians and LabourNetwith the assist of Azim Premji Basis, which can deal with the acute scarcity of intensivists, docs and nurses required to function the ICUs. The well being division will present ventilators for these hospitals from the Prime Ministers Aid Fund.

The Chief Minister of Karnataka BS Yediyurappa has just lately appealed for corporates to collaborate within the battle towards the Covid-19 pandemic.

Embassy REIT had beforehand donated modular ICU beds for Covid-19 sufferers at KC Basic Hospital through the first wave of the pandemic, that are getting used at most capability.

The REIT owns and operates a 42.4 million sq. ft (“msf”) portfolio of eight infrastructure-like workplace parks and 4 city-centre workplace buildings in India’s best-performing workplace markets of Bengaluru, Mumbai, Pune, and the Nationwide Capital Area (“NCR”).

Embassy REIT’s portfolio includes 32.3 msf accomplished working space and is dwelling to over 200 of the world’s main firms. The portfolio additionally includes strategic facilities, together with two operational enterprise accommodations, 4 under-construction accommodations, and a 100MW photo voltaic park supplying renewable vitality to tenants.

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