ANZ Bengaluru signs a 6,00,000 sq ft lease from Embassy Group

28 Jun 2022 CW Team

The new building, which is now being built, is striving to house more than 6,000 employees.

S V Venkataraman, managing director of ANZ Bengaluru, told the media that with the lease for one of our current office buildings in Embassy Manyata Business Park coming to an end, they wanted to find a new office nearby for the convenience of over 5,000 employees as well as the expected growth of ANZ Bengaluru.

The operational area of Embassy Manyata, which is spread across 121 acres, is about 12 million sq ft.

Rahul Arora, head of Office Leasing Advisory India & MD - Karnataka & Kerala, JLL India, said that office leasing in significant cities has been fueled by demand brought on by a return to the office and aggressive hiring in the BFSI, technology, and start-up sectors.

He said strong market fundamentals, a healthy supply pipeline, and an increase in demand are supporting the leasing momentum's sharp acceleration.

Arora informed that this year, absorption rates are probably going to surpass pre-pandemic levels. Key developers and funders are including these components in more recent base building offerings as occupiers increasingly place a priority on sustainability, wellness, and improved employee experience.

He added that by the end of 2022, Bengaluru's stock is likely to reach 200 million sq ft, and they are already witnessing the construction of a whole generation of new-age structures that are designed to directly support occupier sustainability aspirations.

Image Source

Also read: Anarock: Delhi-NCR has the greatest office space vacany at 28.5%

ANZ Bengaluru Service Centre (ANZ Bengaluru), an existing occupier at Embassy Manyata Business Park (Embassy Manyata) since 2008, has increased the size of its footprint by signing a lease for 6,00,000 sq ft at Building M3. The new building, which is now being built, is striving to house more than 6,000 employees. S V Venkataraman, managing director of ANZ Bengaluru, told the media that with the lease for one of our current office buildings in Embassy Manyata Business Park coming to an end, they wanted to find a new office nearby for the convenience of over 5,000 employees as well as the expected growth of ANZ Bengaluru. The operational area of Embassy Manyata, which is spread across 121 acres, is about 12 million sq ft. Rahul Arora, head of Office Leasing Advisory India & MD - Karnataka & Kerala, JLL India, said that office leasing in significant cities has been fueled by demand brought on by a return to the office and aggressive hiring in the BFSI, technology, and start-up sectors. He said strong market fundamentals, a healthy supply pipeline, and an increase in demand are supporting the leasing momentum's sharp acceleration. Arora informed that this year, absorption rates are probably going to surpass pre-pandemic levels. Key developers and funders are including these components in more recent base building offerings as occupiers increasingly place a priority on sustainability, wellness, and improved employee experience. He added that by the end of 2022, Bengaluru's stock is likely to reach 200 million sq ft, and they are already witnessing the construction of a whole generation of new-age structures that are designed to directly support occupier sustainability aspirations. Image Source Also read: Anarock: Delhi-NCR has the greatest office space vacany at 28.5%

BPTP Records Rs 7.5 Bn Sales at SkyNest in Greater Faridabad

Housing Sales Hold at 260,000 in 9M CY2026; Mumbai Leads

Real Estate

09 Oct 2026

Housing Sales Hold at 260,000 in 9M CY2026; Mumbai Leads

Andhra Pradesh to Achieve 100 Per Cent Housing by 2029

Real Estate

09 Oct 2026

Andhra Pradesh to Achieve 100 Per Cent Housing by 2029

Gold Stories

Real Estate

01 Oct 2026

The Energy-Smart Buildings

Real Estate

01 Oct 2026

MHADA: Upgrading Mumbai via Goregaon

Real Estate

01 Oct 2026

Beyond Energy-Efficiency

Infrastructure Urban

12 Oct 2026

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Infrastructure Urban

12 Oct 2026

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Infrastructure Energy

12 Oct 2026

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

ANZ Bengaluru signs a 6,00,000 sq ft lease from Embassy Group

Related Stories

Gold Stories

KONE Opens India's First Digital Experience Centre in Pune

CII GreenCo Launches Circularity Guidelines for Indian Industry

Global Electronics Association Launches IPC-1783-CO2E Standard

Related Articles

Latest Updates

Recommended for you

Advertisement

Subscribe to Our Newsletter

STAY CONNECTED

Advertisement

Modal Heading

First Name *

Last Name *

Industry *

Email Address *

Mobile Number *

Password *

Confirm Password *

Subscribe to our Newsletter

Email Address *

Password *

Please enter the details

Email Address

Modal Heading

First Name *

Last Name *

Industry *

Email Address *

Mobile Number *

Password *

Confirm Password *

Subscribe to our Newsletter

Email Address *

Password *

Please enter the details

Email Address