REIT’s largest built-to-suit to date for a global banking major
BENGALURU: Embassy Office Parks REIT (NSE: EMBASSY / BSE: 542602) (‘Embassy REIT’), India’s first listed REIT and the largest office REIT in Asia by area, announced today that it has signed an Agreement to Lease (‘ATL’) with global banking major the Commonwealth Bank of Australia (‘CBA’) for a premium office campus of approximately 0.8 msf along with an expansion option of an additional 0.6 msf at Embassy Manyata, one of Asia’s largest and India’s most prominent business parks. The new space is being designed as a comprehensive built-to-suit solution, and Embassy REIT expects to deliver the facility including fit-outs in the fourth quarter of the calendar year 2026.
Jitu Virwani, Chairman & Managing Director of Embassy Group, said, “Embassy has been home to CBA for 4 years, and we’re delighted to extend our long-standing partnership with one of the world’s leading financial institutions. India continues to be a prime destination that offers both exceptional talent and top-tier office spaces. We’re proud to host some of the world’s leading banks with a combined market capitalization of $1 trillion in our parks. We look forward to delivering a world-class, one-of-its-kind campus to the Commonwealth Bank of Australia.”
Aravind Maiya, Chief Executive Officer, of Embassy REIT, said, “We are thrilled to announce this landmark lease deal with CBA, which marks our largest built-to-suit project to date. In the last few years, we’ve developed five built-to-suit facilities comprising over 4 msf for global occupiers whose real estate needs are getting increasingly more sophisticated. Embassy Manyata’s integrated development and world-class ecosystem and amenities were key factors for CBA. The project’s scale and sophistication exemplify our ability to execute large-scale developments that meet the highest standards of global clients like CBA.”
Spanning over 120 acres, Embassy Manyata is a premier business destination that sets the standard for modern workspaces with its state-of-the-art infrastructure and world-class amenities. Strategically located in the prominent growth corridor of North Bengaluru, Embassy Manyata has become a highly sought-after hub for major multinationals, offering a vibrant ecosystem tailored to the diverse needs of global businesses. The park’s array of top-tier facilities includes dual-branded Hilton hotels, renowned F&B retail spaces, outdoor sports zones, and expansive food court areas, among others.
 (‘Embassy REIT’), India’s first listed REIT and the largest office REIT in Asia by area, announced today that it has signed an Agreement to Lease (‘ATL’) with global banking major the Commonwealth Bank of Australia (‘CBA’)){kind=link}