Embassy Office Parks REIT has completed the sale of two office blocks located at Embassy Manyata Business Park in Bengaluru to EAAA Alternatives’ Rental Yield Plus fund for a total consideration of ₹530 crore. The transaction is part of Embassy REIT’s ongoing strategy to optimise its portfolio through selective asset monetisation and capital recycling.
The deal involves the sale of approximately 3.76 lakh square feet of strata-owned office space within the Manyata Business Park, one of Bengaluru’s largest and most established commercial office destinations. The assets sold are operational and form part of a well-occupied campus that houses several domestic and multinational occupiers across the technology and services sectors.
With this acquisition, EAAA Alternatives further strengthens its exposure to income-generating commercial real estate assets in Bengaluru. The Rental Yield Plus fund focuses on stabilised office assets with long-term rental visibility, and this purchase marks its continued investment activity within the Manyata Business Park. The fund has previously acquired other office blocks in the same business park, reinforcing its long-term investment approach toward high-quality commercial developments.
For Embassy REIT, the transaction aligns with its broader capital management strategy. By divesting select assets, the REIT aims to redeploy capital into opportunities that support balance sheet strength, growth initiatives, and unitholder value creation. The sale also reflects the REIT’s ability to unlock value from mature assets while maintaining a diversified and resilient portfolio across India’s key office markets.
Embassy Manyata Business Park is a prominent commercial hub in North Bengaluru, offering Grade A office infrastructure with integrated amenities and strong connectivity. The park continues to attract institutional investors due to consistent leasing activity, stable occupancy levels, and sustained demand for quality office space in the city.
The ₹530 crore transaction highlights continued institutional interest in India’s commercial real estate sector, particularly in Bengaluru, which remains one of the country’s most active office markets. Despite evolving workplace trends, demand for well-located, professionally managed office assets continues to support large-scale investment activity in the sector.
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