Embassy REIT Receives Invitation to Acquire Embassy Zenith, a 0.4 MSF Prime Office Tower in Bengaluru

Embassy REIT Advances Acquisition of Embassy Zenith CBD Office Tower

Embassy REIT has received an invitation to acquire Embassy Zenith, a 0.4 million square feet prime office tower in Bengaluru, fully leased to a global technology company. The announcement came on February 6, 2026, alongside the REIT's Q3 FY2026 results.

Embassy REIT, India's first listed REIT and the largest office REIT in Asia by area, reported 17% year-on-year revenue growth and 19% growth in Net Operating Income in the quarter. The REIT also completed a ₹530 crore divestment at Embassy Manyata in the same period.

The Asset: Vasanth Nagar Location and Specifications

Embassy Zenith is located along Sankey Road in Bengaluru's central business district and spans approximately 2.27 acres of land, with a total built-up area of approximately 4,00,092 sq ft spread across 14 floors. Each typical floor area ranges from approximately 30,000 to 32,000 sq ft, designed to suit different corporate requirements.

The property has already been completed and is currently fully operational. Apple India is the anchor tenant, having leased approximately 2.7 lakh sq ft over 10 years in one of the largest commercial leasing deals in Bengaluru.

Acquisition Rationale and Portfolio Context

CEO Amit Shetty said the acquisition reflects the REIT's focus on high-quality, income-accretive assets that strengthen its portfolio and create long-term value. Embassy REIT owns and operates a 51.2 million square feet portfolio of ten infrastructure-like office parks and four city-centre office buildings in Bengaluru, Mumbai, Pune, the National Capital Region and Chennai.

The acquisition is part of a broader expansion phase. The REIT also announced a third-party acquisition of a 0.3 million square feet marquee office asset at Embassy GolfLinks, Bengaluru, alongside its divestments and ongoing redevelopment pipeline.

Q3 FY2026 Financial Performance

Embassy REIT leased 1.1 million square feet across 22 deals during Q3 FY2026, taking year-to-date leasing to 4.6 million square feet. Portfolio occupancy stood at 94% by value, with three of its five cities at or above 95% occupancy.

The Board declared ₹613 crore distributions, or ₹6.47 per unit, up 10% year-on-year, payable by February 18, 2026. The REIT delivered approximately 25% total returns in CY2025, expanding its unitholder base to over 125,000.