Embassy plans to use the funds from the deal as growth capital in its office and residential projects. : Bengaluru-based property developer Embassy Group will again explore more opportunities in warehousing after closing a Rs 1,800-crore warehousing deal with US-based fund manager Blackstone. Embassy is in the final stages of selling Embassy Industrial Parks — its warehousing business with private equity (PE) major Warburg Pincus — to Blackstone. The foray will be made through its merged entity with Indiabulls Real Estate.