Embassy REIT snaps up marquee Bengaluru office asset in ₹852 crore bet on Grade-A demand

Strategic Bengaluru acquisition

Embassy Office Parks REIT announced the acquisition of a high‑quality office asset in Bengaluru for about ₹852 crore, funded through a mix of internal accruals and debt within its conservative balance‑sheet framework. The asset, in a prime micro‑market with strong technology and global capability centre occupier demand, fits the REIT’s strategy of scaling large, campus‑style office clusters.​

Key highlights

Purchase consideration of ₹8.52 billion for a fully built, income‑generating Grade‑A office asset in Bengaluru.​

Asset located in a key business corridor with established infrastructure and high tenant stickiness, supporting low vacancy risk.​

Transaction expected to be distribution‑per‑unit (DPU) accretive, leveraging Embassy REIT’s strong leasing, asset‑management and refinancing capabilities.​

Strengthens Bengaluru presence, where the REIT already owns large parks such as Embassy Manyata and Embassy TechVillage.​

Portfolio rises to over 50 million sq ft across 14 office parks and city‑centre buildings in Bengaluru, Mumbai, Pune and NCR, enhancing scale and diversification.​

Sources: Embassy Office Parks REIT stock‑exchange filings; Embassy REIT press‑release page; MarketScreener real‑estate news roundup; Economic Times real‑estate coverage.​