NEW DELHI: Embassy Office Parks REIT has finalized the sale of around 3.76 lakh sq ft comprising two strata-owned blocks at Embassy Manyata Business Park in Bengaluru for ₹530 crore to EAAA Alternatives’ inaugural commercial real estate fund—Rental Yield Plus (RYP).
Amit Shetty, CEO of Embassy REIT, stated, “This divestment is part of our capital recycling strategy, enhances portfolio efficiency, and gives us more flexibility for reinvestment into new opportunities.”
This transaction marks RYP’s third investment, strengthening the fund’s holdings within Greenheart Tech Park, located in Embassy Manyata Business Park. Subahoo Chordia, CEO of EAAA Alternatives, noted, “This is our 35th asset acquisition in the real assets sector.”
Trilegal served as legal advisor to Embassy REIT, while Aeka Advisors assisted in structuring the deal.
