Embassy REIT Sells 376,000 Sq Ft At Manyata For Rs 5.3bn
Real Estate

Embassy REIT Sells 376,000 Sq Ft At Manyata For Rs 5.3bn

Embassy Office Parks REIT has completed the divestment of around 376,000 square feet across two strata-owned blocks at Embassy Manyata Business Park in Bengaluru for a total consideration of Rs 5.3 billion. The assets were sold to EAAA Alternatives’ first commercial real estate fund, Rental Yield Plus.

Amit Shetty, Chief Executive Officer of Embassy REIT, said the transaction creates long-term value for stakeholders and is aligned with the REIT’s capital recycling strategy, helping enhance overall portfolio efficiency.

EAAA Alternatives is an India-focused alternative asset manager with assets under management exceeding Rs 650 billion. The firm’s real assets platform, with AUM of more than Rs 220 billion, invests across infrastructure, energy and commercial real estate. Its private credit business manages over Rs 455 billion, offering customised credit solutions to large corporates through performing credit and special situations funds.

Embassy REIT owns and operates a portfolio spanning 50.08 million square feet, comprising 10 infrastructure-style office parks and four city-centre office buildings across Bengaluru, Mumbai, Pune, the National Capital Region and Chennai. Since its listing in April 2019, the REIT has distributed over Rs 132 billion to unitholders, while its investor base has expanded nearly 29 times, from about 4,000 at the time of listing to more than 110,000 currently.

Embassy Manyata Business Park, spread over 122 acres, offers around 16 million square feet of leasable area and houses about 60 tenants, with more than 100,000 people working at the campus.

Embassy Office Parks REIT has completed the divestment of around 376,000 square feet across two strata-owned blocks at Embassy Manyata Business Park in Bengaluru for a total consideration of Rs 5.3 billion. The assets were sold to EAAA Alternatives’ first commercial real estate fund, Rental Yield Plus. Amit Shetty, Chief Executive Officer of Embassy REIT, said the transaction creates long-term value for stakeholders and is aligned with the REIT’s capital recycling strategy, helping enhance overall portfolio efficiency. EAAA Alternatives is an India-focused alternative asset manager with assets under management exceeding Rs 650 billion. The firm’s real assets platform, with AUM of more than Rs 220 billion, invests across infrastructure, energy and commercial real estate. Its private credit business manages over Rs 455 billion, offering customised credit solutions to large corporates through performing credit and special situations funds. Embassy REIT owns and operates a portfolio spanning 50.08 million square feet, comprising 10 infrastructure-style office parks and four city-centre office buildings across Bengaluru, Mumbai, Pune, the National Capital Region and Chennai. Since its listing in April 2019, the REIT has distributed over Rs 132 billion to unitholders, while its investor base has expanded nearly 29 times, from about 4,000 at the time of listing to more than 110,000 currently. Embassy Manyata Business Park, spread over 122 acres, offers around 16 million square feet of leasable area and houses about 60 tenants, with more than 100,000 people working at the campus.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Expands to Global Markets

Vedanta Aluminium has expanded its digital e-commerce platform, Vedanta Metal Bazaar, to international markets, enabling overseas customers to order and purchase aluminium products online.The platform will now be available to buyers across Asia, Europe, Africa and the Americas, providing a digital gateway for export transactions with 24x7 access.In FY26, Vedanta Metal Bazaar processed transactions worth nearly $4.1 billion, or over Rs 380 billion, and fulfilled more than 23,000 orders. The platform is also used regularly by more than 550 MSMEs in India alongside large OEM customers.The export ..

Next Story
Infrastructure Urban

Ramky Infrastructure Q1 FY27 Revenue Rises 24.3%

Ramky Infrastructure Limited reported a 24.3% year-on-year increase in consolidated revenue from operations to Rs 471.2 crore for Q1 FY27, compared with Rs 3.79 billion in the corresponding quarter of FY26.Standalone revenue from operations rose 27.5% YoY to Rs 4.51 billion from Rs 3.54 billion, while total standalone income increased 35% to Rs 5.32 billion.Consolidated profit before tax stood at Rs 540.9 million during the quarter. The company highlighted a sharp sequential improvement compared with a pre-exceptional loss of Rs 190.1 million in Q4 FY26.Two of the three projects awarded during..

Next Story
Technology

LTTS Launches AgenticIQ AI Platform for Engineering

L&T Technology Services (LTTS) has launched AgenticIQ, an end-to-end agentic AI platform designed for engineering and manufacturing organisations.The platform is aimed at helping enterprises move beyond isolated AI pilots by enabling autonomous, multi-agent workflows across engineering, product development, manufacturing, industrial operations and customer experience.AgenticIQ is built on LTTS’ Engineering Intelligence portfolio and converts existing engineering capabilities into specialised, reusable AI agents. Its planning-first architecture is embedded into engineering and production ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement