PR85017

PUNE, India, August 4, 2020 /PRNewswire=KYODO JBN/ --

    Panchshil Realty and British Safety Council today announced a new milestone

in workplace safety in the corporate real estate sector in India in the context

of COVID-19 and safe return to work.

   Panchshil Realty has become the first and only real estate group in India

and in the entire Asia-Pacific Region to have benchmarked and independently

validated its COVID-19 related control measures at its workplaces, against

stringent global safety standards as laid down by the British Safety Council.

   Following a rigorous auditing process, the British Safety Council’s

Assurance Statement confirms that at the time of audit, Panchshil Realty has

implemented, proper and adequate policies, procedures and arrangements relating

to control of COVID-19 within the workplace, across 15 million square feet of

its office parks portfolio.

   Panchshil Realty’s office portfolio in Pune comprises landmark projects like

EON Free Zone, World Trade Centre, Business Bay and the International

Convention Centre and, its campuses are home to leading global corporations

like Allianz, Citibank, Cognizant, Concentrix, Credit Suisse, Deutsche Bank,

HSBC, MasterCard, Michelin, T-Systems, UBS, VMWare and Vodafone among many

others.

    The British Safety Council’s Assurance Assessment says that, “Panchshil

Realty’s senior leadership has demonstrated commitment to manage, prevent and

control transmission of COVID-19 and ensure the safe return of employees and

tenants to their respective workplaces on lifting of the lockdown”.

    “Proper health and safety measures commensurate with the nature and scale

of operational activities were put in place as early as March 2020, even before

the nationwide lockdown was announced. Panchshil has demonstrated suitably

effective management of COVID-19 related risks within the workplace and

associated operational activities”, it adds.

    British Safety Council guidance takes account of current global good

practice, including information from the Ministry of Health and Family Welfare

- Government of India guidelines and WHO.

    Panchshil Realty’s total completed real estate portfolio is around 23

million square feet with another 20 million square feet under development. Its

three business verticals comprise commercial office spaces, hospitality and

residential.

    A significant chunk of Panchshil Realty’s office portfolio is anchored by

Blackstone Real Estate Private Equity Fund, sponsored and managed by Blackstone

Group LP.

    For more information, please visit www.panchshil.com

    Logo: https://mma.prnewswire.com/media/1223648/Panchshil_BSC__Logo.jpg

    Source: Panchshil Realty