Bengaluru: Embassy Office Parks REIT, Asia’s largest office REIT, has signed definitive agreements to acquire a 0.3 msf Grade-A office asset in Embassy GolfLinks Business Park, Bengaluru, for ₹8,520 million. The 100% leased property, occupied by a global investment firm, strengthens the REIT’s presence in one of the city’s most in-demand office micro-markets.
The acquisition aligns with Embassy REIT’s strategy of securing high-quality, yield-accretive assets at attractive valuations. The deal is being executed at a discount to independent valuation benchmarks and is expected to be accretive to both Net Operating Income and Distribution per Unit. The asset is projected to deliver an NOI yield of ~7.9%, above the REIT’s Q2 FY2026 trading cap rate of 7.4%.
Amit Shetty, CEO of Embassy REIT, said the transaction reinforces the REIT’s disciplined growth approach in India’s top office hubs, noting that Embassy GolfLinks remains a preferred location for global technology and GCC occupiers.
The deal is subject to customary closing conditions. PwC advised on financial and tax diligence, Trilegal on title diligence, and S&R Associates served as legal advisors.
