In a major strategic move, Embassy Office Parks REIT — India’s first publicly listed REIT and the largest by office area in Asia — has agreed to acquire a fully leased, 0.3 million (3 lakh) square foot Grade-A office asset at Embassy GolfLinks Business Park (EGL), Bengaluru, for ₹8,520 million (₹852 crore).
The asset is fully occupied by a leading global investment firm, offering long-tenured occupancy and stable rental income. According to the company, the acquisition yields a net operating income (NOI) of around 7.9 percent, outpacing Embassy REIT’s Q2 FY2026 trading cap rate of 7.4 percent.
This acquisition aligns with Embassy REIT’s broader strategy of disciplined, yield-accretive growth in India’s most dynamic office markets, reinforcing its leading presence in Bengaluru — widely regarded as the country’s “office capital.”
With this latest buy, Embassy REIT further solidifies its portfolio, which spans 50.8 million sq ft across 14 office parks in key metros including Bengaluru, Mumbai, Pune, Delhi-NCR and Chennai.
From a market perspective, the acquisition signals investor confidence in the continued demand for premium office real estate in Bengaluru, driven by strong leasing activity from global technology firms and global capability centres (GCCs). EGL — home to several multinational companies — remains one of the city’s most sought-after office micro-markets, with robust demand and attractive rental growth.
For unitholders, this deal is expected to be accretive to distribution per unit (DPU) and cash flows, enhancing the long-term value proposition of Embassy REIT’s portfolio.
Overall, this acquisition exemplifies Embassy REIT’s selective, quality-driven approach — focusing on high-occupancy, lease-backed Grade-A assets in top-tier office markets. As demand for premium office space remains strong in Bengaluru, this move positions Embassy REIT to benefit significantly from stable rental yields and potential upside in capital value.
