Embassy Office Parks REIT has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Embassy Office Parks REIT disclosed two independent valuation reports dated July 30, 2025, for 376,000 sq ft of leasable area comprising Block 1A & 1B and Block A-2 in its flagship Embassy Manyata Business Park on Outer Ring Road, Hebbal, Bengaluru. The independent valuations were carried out by Ms. L Anuradha (with Cushman & Wakefield providing review services) and iVAS Partners represented by Mr. Shubhendu Saha (with CBRE South Asia providing value assessment). The combined market value of the subject property has been estimated at ₹5,239 million (approximately ₹523.9 crore) as of June 30, 2025. The valuation has been prepared specifically for the proposed disposition of the property by Manyata Promoters Private Limited, the sponsor of the REIT, under SEBI REIT Regulations. Embassy Manyata is one of Embassy REIT's most prominent assets, and this sale would reduce the REIT's ownership of the property.
For unitholders, this filing signals a partial divestment from a marquee Bengaluru asset, which could reduce the REIT's rental income and overall portfolio size once the sale is executed. Investors should watch for further disclosures on the actual transaction terms, the buyer, and how the proceeds will be utilized by the REIT.