Key Takeaways
- • EAAA Alternatives, the alternative asset arm of Edelweiss Group, acquired 3.7 lakh sq ft of office space at Greenheart Tech Park in Bengaluru for Rs 530 crore (around $59 million) through its Rental Yield Plus (RYP) commercial real estate fund.
- • The deal is RYP's third investment and consolidates the fund's ownership within Greenheart Tech Park, which is part of Embassy Manyata Business Park.
- • The seller is Embassy REIT, whose CEO Amit Shetty described the divestment as part of a capital recycling strategy to enhance portfolio efficiency and reinvest.
- • The acquisition is EAAA's 35th asset acquisition in its real assets business, per CEO Subahoo Chordia.
- • EAAA reported AUM above Rs 65,000 crore (around $7.2 billion) as of 30 September 2025, with the real assets business at more than Rs 22,000 crore.
Summary
EAAA Alternatives, the alternative asset manager under Edelweiss Group, has acquired 3.7 lakh square feet of office space in Greenheart Tech Park, part of Embassy Manyata Business Park in Bengaluru, for Rs 530 crore (around $59 million), according to a company statement. The purchase was made through the commercial real estate fund Rental Yield Plus (RYP).
The transaction is RYP's third investment and consolidates the fund's ownership within Greenheart Tech Park. The statement noted that RYP's earlier deals include a Rs 1,500 crore purchase of MMTP Projects' stake in Manyata Tech Park, and the acquisition of an office in Gurugram with an operational area of 700,000 square feet.
Gautam Hora, managing director of Rental Yield Plus Fund, said that strengthening ownership at Greenheart Tech Park, which totals 1.5 million square feet within Embassy Manyata, allows a more cohesive management approach and the opportunity to execute a value-enhancement strategy. Embassy REIT's CEO Amit Shetty said the divestment aligns with the REIT's capital recycling strategy, enhances portfolio efficiency and gives it greater flexibility to reinvest in new opportunities.
EAAA CEO Subahoo Chordia described the deal as the company's 35th asset acquisition in its real assets business, highlighting its capability in aggregating high-quality assets.
EAAA Alternatives, with a track record of over 15 years, reported assets under management exceeding Rs 65,000 crore (around $7.2 billion) as of 30 September 2025. Its real assets business, with AUM above Rs 22,000 crore, invests across infrastructure, energy and commercial real estate. Its private credit business, with AUM above Rs 45,500 crore, provides customised credit solutions to large corporates through performing private credit and special situations funds.
The transaction is RYP's third investment and consolidates the fund's ownership within Greenheart Tech Park. The statement noted that RYP's earlier deals include a Rs 1,500 crore purchase of MMTP Projects' stake in Manyata Tech Park, and the acquisition of an office in Gurugram with an operational area of 700,000 square feet.
Gautam Hora, managing director of Rental Yield Plus Fund, said that strengthening ownership at Greenheart Tech Park, which totals 1.5 million square feet within Embassy Manyata, allows a more cohesive management approach and the opportunity to execute a value-enhancement strategy. Embassy REIT's CEO Amit Shetty said the divestment aligns with the REIT's capital recycling strategy, enhances portfolio efficiency and gives it greater flexibility to reinvest in new opportunities.
EAAA CEO Subahoo Chordia described the deal as the company's 35th asset acquisition in its real assets business, highlighting its capability in aggregating high-quality assets.
EAAA Alternatives, with a track record of over 15 years, reported assets under management exceeding Rs 65,000 crore (around $7.2 billion) as of 30 September 2025. Its real assets business, with AUM above Rs 22,000 crore, invests across infrastructure, energy and commercial real estate. Its private credit business, with AUM above Rs 45,500 crore, provides customised credit solutions to large corporates through performing private credit and special situations funds.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.