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Embassy Office Parks REIT has completed the sale of around 3.76 lakh sq ft of office space across two strata-owned blocks in Embassy Manyata Business Park, Bengaluru, for INR 530 crore. The buyer is Rental Yield Plus (RYP), a commercial real estate fund managed by EAAA Alternatives, marking its third acquisition from the fund. The sale is part of Embassy REIT's capital recycling strategy aimed at improving portfolio efficiency and freeing capital for new investments. The transaction further strengthens RYP's presence in Greenheart Tech Park, a key hub for corporate tenants.
Embassy Office Parks REIT has closed a transaction involving the sale of approximately 3.76 lakh sq ft of office space at Embassy Manyata Business Park in Bengaluru for a total consideration of INR 530 crore. The buyer is Rental Yield Plus (RYP), the first commercial real estate fund from EAAA Alternatives, which has been actively acquiring high-quality office assets in major Indian cities. This acquisition marks the third deal from RYP, reflecting its growing investment footprint in Bengaluru. Advertisement
The sold property comprises two strata-owned blocks located in the Greenheart Tech Park precinct, which is part of the larger business park. The blocks host several long-term corporate tenants, making them a stable, income-generating asset. Greenheart Tech Park is well-known in Bengaluru for its modern infrastructure, strategic location, and high occupancy rates, attracting both domestic and multinational companies.
According to Embassy REIT executives, the deal aligns with the company's capital recycling strategy, which focuses on optimising the portfolio by selling select assets to release capital for reinvestment into higher-yield opportunities. The REIT has previously executed similar sales in other key commercial hubs to improve operational efficiency while maintaining a strong presence in core office locations.
Representatives from EAAA Alternatives highlighted that the acquisition adds to their growing portfolio of institutional-grade commercial properties and marks the fund's 35th asset acquisition in India. The deal underscores the increasing interest of institutional investors in prime office spaces in Bengaluru, where demand remains strong despite global shifts in office leasing trends.
Legal support for Embassy REIT was provided by Trilegal, while Aeka Advisors assisted with the transaction structuring. The business park itself spans a large commercial area, offering modern office amenities and excellent connectivity, which continues to make it a preferred choice for corporates looking for long-term office leases.
The transaction also reflects a broader trend in Indian commercial real estate, where REITs and private funds are increasingly collaborating to optimise portfolios, unlock capital, and enhance asset utilisation while providing stable income streams to investors.
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