Embassy REIT sells two blocks at Bengaluru’s Manyata Park to EAAA Alternatives for ₹530 crore

Embassy Office Parks REIT has completed the divestment of around 3.76 lakh square feet across two strata-owned blocks at Embassy Manyata Business Park in Bengaluru for ₹530 crore to EAAA Alternatives’ Rental Yield Plus fund. | Photo Credit:

Embassy Office Parks REIT has closed the divestment of approximately 3,76,000 square feet across two strata-owned blocks at Embassy Manyata Business Park in Bengaluru for a total consideration of ₹530 crore to EAAA Alternatives’ first commercial real estate fund – Rental Yield Plus.

Amit Shetty, Chief Executive Officer, Embassy REIT, said, “We are pleased to conclude this transaction which creates long-term value for our stakeholders. This divestment aligns with our capital recycling strategy and enhances portfolio efficiency.”

EAAA Alternatives is an alternative asset manager in India, with assets under management (AUM) exceeding ₹65,000 crore. EAAA focuses on Real Assets and Private Credit business strategies. The Real Assets business, with AUM of more than ₹22,000 crore, invests across infrastructure, energy, and commercial real estate. The private credit business, with an AUM of more than ₹45,500 crore, offers customised credit solutions to large corporates, through performing private credit and special situations funds.

Embassy REIT owns and operates a 51.2 million-square-foot portfolio of 10 infrastructure-like office parks and 4 city-centre office buildings across Bengaluru, Mumbai, Pune, the National Capital Region, and Chennai.

Embassy Manyata Business Park, spread across 122 acres, is one of the largest business parks in the country and the second largest in India, located in North Bengaluru on the Outer Ring Road. The park offers 17.70 million square feet of leasable area and houses 50 tenants with more than 1,10,000 park users.

Published on December 24, 2025