EAAA Alternatives, one of the leading alternative asset managers in India, through its commercial real estate fund – Rental Yield Plus (RYP), has acquired ~376,000 sf in Greenheart Tech Park which is part of Embassy Manyata Business Park in Bengaluru, for INR 530 crore. Embassy Manyata Business Park is owned by Embassy REIT which is India’s first listed REIT and the largest office REIT in Asia by area.

This 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 and most prominent technology hubs, housing global enterprises across sectors such as Manufacturing, BFSI, Lifestyle, Consumer Goods, Auto, Technology, Flex Space, and Consulting. Its scale and tenant diversity make it a cornerstone of the city’s commercial real estate landscape, and we are proud to deepen our presence here.

Commenting on the investment, Mr. Subahoo Chordia, CEO, EAAA Alternatives, said, “This is our 35th asset acquisition in real assets business and demonstrate our interest and capability in investing and aggregating high quality assets.”

Furthermore, Gautam Hora, Managing Director, Rental Yield Plus Fund, added, “This transaction reinforces our commitment to acquiring prime assets in India’s most resilient markets. Strengthening our ownership at Greenheart Tech Park (~1.5msf within Embassy Manyata) allows for a more cohesive management approach, providing us the opportunity to execute our value-enhancement strategy and drive superior outcomes for our tenants and investors.”

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, enhances portfolio efficiency, and provides us with greater flexibility to reinvest in new opportunities.”