Embassy Office Parks REIT has divested around 376,000 sq ft of two strata-owned blocks at its Embassy Manyata Business Park in Bengaluru for a total consideration of Rs 530 crore to EAAA Alternatives’ first commercial real estate fund-Rental Yield Plus (RYP).The acquisition marks the third investment from RYP, and consolidates the funds ownership within Greenheart Tech Park, which is part of Embassy Manyata Business Park, one of Bengaluru’s largest technology hubs. This is the fund’s second investment in Bengaluru.“This transaction creates long-term value for our stakeholders. The divestment aligns with our capital recycling strategy, enhances portfolio efficiency, and provides us with greater flexibility to reinvest in new opportunities,” said Amit Shetty, CEO, Embassy REIT.With this deal, the fund’s total holding within Greenheart Tech Park touches 1.5 million sq ft and allows for a more cohesive management approach.“This is our 35th asset acquisition in the real assets business and demonstrates our interest and capability in investing and aggregating high quality assets,” said Subahoo Chordia, CEO, EAAA Alternatives.Live EventsAlternative asset manager EAAA Alternatives has assets under management (AUM) exceeding Rs 65,000 crore as of September end. The Real Assets business, with an AUM of more than Rs 22,000 crore, invests across infrastructure, energy and commercial real estate assets.Embassy REIT owns and operates a 50.8 million sq ft portfolio of ten infrastructure-like office parks and four 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 located in North Bengaluru on the Outer Ring Road. The park has 16 million sq ft of leasable area and houses over 60 tenants.



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