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Embassy Office Parks REIT, India’s first listed REIT and the largest office REIT in Asia by area, announced that it has entered into definitive agreements to acquire a 0.3 million square feet (msf) marquee office property located within Embassy GolfLinks Business Park, one of Bengaluru’s most sought-after office markets. The transaction, valued at ₹8,520 million, aligns with Embassy REIT’s strategy of disciplined, accretive growth.

Located in the heart of Embassy GolfLinks, this high-quality Grade-A asset is fully leased to a leading global investment firm. This acquisition further consolidates Embassy REIT’s scale and ownership in a micro-market that continues to see strong leasing demand and premium rental growth.

Amit Shetty, Chief Executive Officer of Embassy REIT, said: “Bengaluru continues to be India’s office capital, and Embassy GolfLinks is home to some of the world’s most influential technology and GCC occupiers. With a 100% leased, long-tenured asset anchored by a leading global investment firm, this acquisition further strengthens our presence in this premier micro-market”.

Transaction Highlights

• Total enterprise valuation of Rs 8,52 crore, which is at a discount to the average of two independent valuations 
• Distribution per Unit (DPU) and Net Operating Income (NOI) accretive transaction further strengthens Embassy REIT’s position as a leading office REIT globally
• Delivers an NOI yield of ~7.9% which compares favourably to the REIT’s trading cap rate of 7.4% in Q2 FY2026
• Fully leased to a leading global investment firm with long-term tenancy visibility

The acquisition is subject to completion of customary and agreed conditions precedent and pre-closing actions.

PwC advised Embassy REIT on financial and tax due diligence; Trilegal advised Embassy REIT on title diligence and S&R Associates acted as the legal advisor to Embassy REIT.