Embassy Office Parks REIT has announced the acquisition of a 0.3 million sq. ft. marquee office property in Bengaluru’s Embassy GolfLinks Business Park for ₹8,520 million. Fully leased to a leading global investment firm, the Grade-A asset strengthens Embassy REIT’s portfolio, offering long-term cash flow visibility and accretive growth opportunities.
Embassy Office Parks REIT, Asia’s largest office REIT, has entered into definitive agreements to acquire a prime 0.3 million sq. ft. office property located within Embassy GolfLinks Business Park, Bengaluru. The transaction, valued at ₹8,520 million, underscores the REIT’s strategy of disciplined, accretive growth in India’s premier office markets.
The newly acquired Grade-A asset is 100% leased to a leading global investment firm, ensuring stable income and long-term visibility on cash flows. The deal delivers a net operating income (NOI) yield of 7.9%, which compares favorably to the REIT’s trading cap rate of 7.4% in Q2 FY2026.
Major Takeaways
Strategic Acquisition: Strengthens Embassy REIT’s presence in Bengaluru’s prime office micro-market.
Financial Impact: NOI yield of 7.9%, enhancing portfolio returns.
Tenant Profile: Fully leased to a global investment firm, ensuring stability.
Portfolio Growth: Adds 0.3 million sq. ft. of Grade-A office space.
Market Leadership: Reinforces Embassy REIT’s position as Asia’s largest office REIT.
Notable Updates
The acquisition is DPU-accretive, meaning it will positively impact distributions to unitholders.
The deal was struck at a discount to independent valuation benchmarks, highlighting Embassy REIT’s disciplined investment approach.
CEO Amit Shetty emphasized the transaction as a step toward long-term sustainable growth.
Conclusion: Embassy REIT’s ₹8,520 million acquisition of a marquee Bengaluru office asset reflects its commitment to expanding in high-demand markets while ensuring strong returns for investors. With a fully leased property and favorable yield metrics, the deal marks another milestone in the REIT’s growth journey.
Sources: ET Realty , Embassy REIT Press Release , Business Wire