Embassy REIT collaborates with Corporates to Provide Life-Saving ICU Beds, Equipment and Manpower to Government Hospitals in Bengaluru

Embassy REIT along with ANZ, Swiss Re, CapitaLand and others mobilize INR 7.3 crores for this initiative; the beneficiaries of these hospitals will receive treatment free of cost.

 by Suman Gupta

Bengaluru, May, 2021:In response to the Honourable Chief Minister Shri BS Yediyurappa’s appeal for corporates to collaborate in the battle against the Covid-19 pandemic, Embassy Office Parks REIT (‘Embassy REIT’), India’s first listed REIT and the largest in Asia by area, has led a consortium of their Office Park tenants to set-up 69 fully fitted ICU beds, life-saving medical equipment and manpower to operationalize ICUs in 3 government hospitals in Bengaluru.

Embassy REIT, through its Corporate Connect Programme, has mobilized over INR 7.3 crores with corporates partners ANZ, Swiss Re and CapitaLand, amongst others. Embassy REIT managed the initiative to liaise with the Health Department to identify the beneficiary hospitals, shortlisted suppliers for the life-saving medical equipment, and raised funds towards activating this crucial relief initiative towards strengthening the Government’s effort to manage Covid-19.

The hospitals will also benefit from manpower assistance from Doctors for You, Cloud Physicians and LabourNet with the support of Azim Premji Foundation, which will tackle the acute shortage of intensivists, doctors and nurses required to operate the ICUs. The health department will provide ventilators for these hospitals from the Prime Ministers Relief Fund.

Currently, 46 of the 69 ICU Beds are in the process of being set-up and operationalized at the Epidemic Diseases Hospital in Indiranagar and Jayanagar General Hospital. The remaining 23 ICU Beds will be finalized in the coming week. The beneficiaries of these hospitals will receive treatment free of cost.

In messages from the CM of Karnataka and the Department of Health, Government of Karnataka, the partners were thanked for their contributions towards enhancing the healthcare infrastructure to fight the pandemic. Shri BS Yediyurappa, Honourable Chief Minister, Karnataka, expressed his gratitude towards Embassy REIT and its partners for their support.

Embassy REIT had previously donated Modular ICU beds for Covid-19 patients at KC General Hospital during the first wave of the pandemic, which are being used at maximum capacity. Inaugurated by Hon. Chief Minister Shri B.S. Yediyurappa, and Hon. Deputy Chief Minister Dr. Ashwathnarayan C N, the success of state-of-the-art Modular ICUs has led for a call to ramp-up the production of more of them.

About Embassy REIT: Embassy REIT, listed in April 2019, is India’s first publicly listed Real Estate Investment Trust. The REIT owns and operates a 42.4 million square feet (“msf”) portfolio of eight infrastructure-like office parks and four city‐centre office buildings in India’s best-performing office markets of Bengaluru, Mumbai, Pune, and the National Capital Region (“NCR”). Embassy REIT’s portfolio comprises 32.3 msf completed operating area and is home to over 200 of the world’s leading companies. The portfolio also comprises strategic amenities, including two operational business hotels, four under‐construction hotels, and a 100MW solar park supplying renewable energy to tenants.