Embassy REIT to acquire Embassy TechVillage in Bengaluru for $1.3 billion

This deal will be subject to approvals of REIT unitholders and regulatory bodies. Embassy REIT is exercising its right under the ROFO agreement to acquire the asset. Embassy TechVillage is a large scale business park with a diversified large and predominantly multinational occupier base, including JP Morgan, Cisco, Sony and Flipkart.

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