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Embassy REIT has purchased a 0.3 million sq ft Grade-A office building in Embassy GolfLinks Business Park, Bengaluru, for INR 8,520 million. The property is fully leased to a global investment firm, giving the REIT long-term income visibility. The asset is expected to generate a net operating income yield of around 7.9%, which is higher than the REIT's trading cap rate of 7.4% during the past quarter. The transaction went through full financial, legal and technical due diligence, marking one of the REIT's major third-party acquisitions in Bengaluru.
Embassy Office Parks REIT has added a 0.3 million sq ft Grade-A office building in Embassy GolfLinks Business Park, Bengaluru, through an acquisition valued at INR 8,520 million. The asset is located in one of the city's most established office micro-markets and is fully leased to a global investment firm, offering stable occupancy and long-term rental visibility. Advertisement
The REIT expects this asset to yield a net operating income of nearly 7.9%, which is higher than the 7.4% trading cap rate reported for the previous quarter of FY2026. The management indicated that the deal fits into the REIT's strategy of acquiring quality, income-producing assets in strong office markets. They also noted that the long-term lease enhances portfolio stability and positions the REIT well in a location that continues to see steady demand.
This transaction adds to Embassy REIT's portfolio growth during a period when the organisation has been recording steady operational performance. In the recent quarter, its overall occupancy hovered around 93% by value, supported by about 1.5 million sq ft of fresh leasing. The REIT has been consistently focusing on Bengaluru, which remains one of the country's largest office markets with strong tenant activity.
The acquisition followed a structured process involving financial and tax diligence by PwC, title verification by Trilegal, and legal advisory support from S&R Associates. It marks an important third-party purchase for the REIT as it continues to build depth across key office clusters in the city.
Source PTI
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