Olive by Embassylaunches Asset Light Management Business under brand 'Olive Residences'.

Olive by Embassy, the co-living and student housing brand by the EmbassyGroup, has launched its asset light management business named – Olive Residences.With a twofold membership approach, one can choose their primary residencelocation in the city and gain access to member partner escape locations, aswell as the exclusive Olive Club on a ‘pay as you go’ system.

Olive Residences has launched its first property in Koramangala, available for immediate occupancy as 1-BHKresidences and two moreproperties in Magrath Road and Indiranagar, Bangalore to be ready in the next threemonths. Olive Residences will take up residential buildings and hotels under amanagement agreement in the central locations of metro cities, across India.

With state-of-the-art amenities and services, the serviced apartmentswill go beyond just offering vibrant living spaces, by bringing together alively community of diverse cultures, backgrounds and walks of life. Thesefully serviced, all-inclusive accommodations will feature a rooftop terracewith a lounge, bar, yoga deck, fitness and a gaming area.

At the city centre escape location, the Olive club at the rooftopof WeWork Galaxy on Residency Road, Bangalore, members will have access to aroof top swimming pool, gym and many more high-end amenities. Additionally,members will receive complimentary benefits at the growing network of EmbassyLeisure venues, such as Sanchez, Sriracha, Shiros, Hard Rock Café as well asthe Embassy International Riding School.