Embassy REIT board approves 482.88 million rupees property acquisition in BKC Mumbai

Embassy Office Parks REIT board approved acquiring 8,048 sq. ft. of commercial space on the ground floor of First International Financial Centre in Bandra Kurla Complex, Mumbai for about 482.88 million rupees. The seller is Citi Group Global Markets India. The property will be held by an Embassy SPV. It is not a related party transaction and is at a discount to two independent valuations. Embassy already owns about 0.4 million sq. ft. in the same building. Expected to close by Q3 FY27.