Embassy Reit leases 800k sq ft space to Commonwealth Bank of Australia
Embassy Office Parks REIT has signed an agreement to provide on lease 8 lakh square feet prime office space in Bengaluru to global banking major Commonwealth Bank of Australia, with an option to expand leasable area further by 6 lakh square feet.
In a regulatory filing, Embassy REIT informed that the company has signed an Agreement to Lease (ATL) with the Commonwealth Bank of Australia (CBA) for a premium office campus of approximately 0.8 million square feet along with an expansion option of an additional 0.6 million square feet at 'Embassy Manyata' project, 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.
Embassy has been home to CBA for 4 years, and we are delighted to extend our long-standing partnership with one of the world's leading financial institutions," Jitu Virwani,