Embassy REIT Leases 8 Lakh Sq Ft to Commonwealth Bank in Bengaluru

23 Aug 2024 CW Team

Embassy REIT has secured a major lease agreement with the Commonwealth Bank of Australia (CBA) for 8 lakh square feet of office space in Bengaluru. This significant deal highlights Embassy REIT's growing influence in the commercial real estate sector and underscores Bengaluru's attractiveness as a key business hub.

The leased space, located in a prime office complex, will serve as the new headquarters for CBA's operations in India. This expansion reflects CBA's confidence in the Indian market and its commitment to strengthening its presence in the region. The move is expected to enhance CBA's operational efficiency and provide a modern work environment for its employees.

This lease agreement is a substantial boost for Bengaluru's office market, demonstrating resilience and growth despite broader economic uncertainties. The new arrangement aligns with Embassy REIT's strategy of attracting high-profile tenants and expanding its portfolio of premium office spaces.

The transaction underscores the continued demand for quality office real estate in key Indian cities, driven by the expanding presence of multinational corporations and evolving business needs. Embassy REIT's latest deal with CBA further solidifies its position as a leading player in the Indian real estate market.

Infrastructure Urban

30 Aug 2025

Delivering metals in 24 hours with AI

India’s metal supply chain has long struggled with delays, fragmentation and lack of transparency, forcing purchase teams to chase vendors and juggle uncertain stock. Enlight Metals is tackling these inefficiencies with an AI-powered aggregation platform, multilingual voice-enabled procurement and strategically located dark stores that enable 24-hour delivery – transforming how OEMs, EPCs and infrastructure players source their metals. In a conversation with CW, Dhananjay Goel, Director, and Vedant Goel, Director, shares how the company is reshaping procurement. What problem..

Silvin's CPVC Additive Gets NSF® Certification for Safety

Silvin Additives, a prominent manufacturer of PVC and CPVC additives, has secured the NSF® Guideline 533 certification for its CPVC Super1Pack formulation. This certification affirms the additive’s compliance with stringent international health and safety standards for products intended for drinking water applications.Awarded by NSF, a globally respected public health and safety authority based in Michigan, United States, the certification is granted only after rigorous product testing and inspection. NSF® Guideline 533 specifically assesses the safety of chemical ingredients used in produ..

Mitsubishi Halts Offshore Wind Projects in Japan

Mitsubishi Corporation (MC) has announced its decision to withdraw from three major offshore wind projects off the coast of Japan due to a significant shift in global business conditions. The projects were being developed through a consortium led by its subsidiary, Mitsubishi Corporation Offshore Wind Ltd., and were located off the shores of Noshiro City, Mitane Town, and Oga City in Akita Prefecture; Yurihonjo City in Akita Prefecture; and Choshi City in Chiba Prefecture.The company stated that following a review initiated in February 2025, it concluded the projects were no longer viable. The..