Overview
- Embassy Office Parks REIT disclosed it has entered into definitive agreements to buy a 0.3 million sq ft office property inside Embassy GolfLinks Business Park in Bengaluru.
- The transaction is valued at Rs 8,520 million and aligns with the REIT’s strategy of disciplined, yield‑accretive growth.
- The Grade‑A asset is 100% leased on long tenures with a leading global investment firm as the anchor tenant, according to CEO Amit Shetty.
- The company expects the acquisition to enhance cash generation and benefit unitholders through distributions.
- Closing remains subject to customary conditions, and the purchase adds to a 50.8 million sq ft portfolio that spans five cities along with business hotels and a 100 MW solar park.