Embassy Office Parks REIT hasactually signed an contract to supply on lease 8 lakh square feet of prime workplace area in Bengaluru to worldwide banking significant Commonwealth Bank of Australia, with an choice to broaden the leasable location more by 6 lakh square feet.
In a regulative filing, Embassy REIT notified that the business hasactually signed an Agreement to Lease (ATL) with the Commonwealth Bank of Australia (CBA) for a premium workplace school of roughly 0.8 million square feet along with an growth alternative of an extra 0.6 million square feet at ‘Embassy Manyata’ task, one of Asia’s biggest and India’s most popular service parks.
The brand-new area is being developed as a thorough built-to-suit service, and Embassy REIT anticipates to provide the center, consistingof fit-outs in the 4th quarter of the calendar year 2026.
“Embassy hasactually been home to CBA for 4 years, and we are pleased to extend our enduring collaboration with one of the world’s leading monetary organizations,” Jitu Virwani, Chairman & Managing Director of Embassy Group, stated.
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