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

30 Dec 2025 CW Team

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.

Resources

03 Jun 2026

Jyoti Structures Launches Heat Safety Drive Across Sites

Jyoti Structures (JSL) has strengthened heat safety measures across its project sites and manufacturing facilities as temperatures rise across India. The company has implemented a Summer Safety Plan covering all transmission line projects to address risks related to heat stress, dehydration and worker fatigue.The initiative includes rescheduling work away from peak afternoon temperatures, provision of drinking water, ORS and lemon-salt solutions, and installation of rest shelters near work areas. Daily toolbox talks, worker health monitoring, first-aid preparedness, emergency transport arrange..

MHADA Declares 82 Buildings Most Dangerous in Central and South Mumbai

The Maharashtra Housing and Area Development Authority (MHADA) has declared 82 buildings as most dangerous across Central and South Mumbai and has appealed to residents to vacate immediately. The list, prepared after structural assessments by the authority, identifies buildings judged to pose imminent risk to occupants and to passersby. Local civic bodies have been asked to coordinate evacuations and to make arrangements for temporary shelter and rehabilitation for displaced households. Officials said the authority prioritised buildings with visible structural distress, severe cracking, tiltin..

Damage Reported At Halwara Airport Terminal After First Rains

Severe damage was reported at the terminal of Halwara Airport during the first major rain spell of the season, prompting immediate concern among aviation and local authorities. Images from the site showed water ingress and visible deterioration of the terminal interior, affecting passenger areas and ancillary services. The airport authority suspended certain operations temporarily to assess structural safety and ensure passenger wellbeing. Preliminary inspections have prioritised electrical systems and roof seals to prevent further water ingress. State aviation officials ordered a formal inqui..