Bengaluru witnessed a significant commercial real estate transaction as Embassy Office Parks REIT completed the divestment of approximately 3.76 lakh square feet across two strata-owned blocks at Embassy Manyata Business Park to EAAA Alternatives’ Rental Yield Plus fund for ₹530 crore. The deal underscores the growing appetite for institutional investment in India’s commercial office sector and aligns with Embassy REIT’s ongoing capital recycling strategy.
Industry experts noted that the divestment enables Embassy REIT to enhance portfolio efficiency while simultaneously providing long-term yield opportunities for EAAA Alternatives, an Indian alternative asset manager with assets under management exceeding Rs 65,000 crore. EAAA Alternatives’ real assets business, which manages over Rs 22,000 crore, focuses on investments across infrastructure, energy, and commercial real estate, reflecting a strategic push into high-quality office spaces. “The completion of this transaction strengthens both our balance sheet and our capacity to optimise assets for stakeholders,” said an Embassy REIT executive. The company, which operates a 50.08 million-square-foot portfolio across Bengaluru, Mumbai, Pune, NCR, and Chennai, has distributed over Rs 13,200 crore to unitholders since its listing in 2019, demonstrating the growing scale and investor confidence in its infrastructure-like office parks.
Embassy Manyata Business Park spans 122 acres and offers around 16 million square feet of leasable area, housing 60 tenants and servicing more than 1,00,000 daily park users. The two blocks involved in the transaction are part of this high-quality office ecosystem, which has consistently attracted domestic and multinational tenants seeking integrated office environments with sustainable features and long-term operational efficiency. A senior market analyst highlighted that the deal reflects a broader trend of institutional funds entering India’s commercial office segment. “Investors are increasingly seeking prime office assets in cities like Bengaluru, where robust demand, emerging tech corridors, and high-quality infrastructure provide stable returns and portfolio diversification,” the analyst said. This divestment also signals a growing intersection between sustainable urban development and real estate investment. Embassy Manyata Business Park, known for its efficient design and operational sustainability, offers long-term environmental and financial benefits, aligning with Urban Acres’ editorial focus on resilient and inclusive urban infrastructure.
The transaction is expected to set a benchmark for similar commercial real estate deals in Bengaluru, demonstrating the city’s continued appeal as a hub for institutional investors seeking secure, high-quality office assets.
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Bengaluru Embassy REIT Sells Two Office Blocks For Rs 530 Crore
