News: Embassy REIT to Buy Leased Retail Area at Mumbai FIFC-07-10-2026
Embassy Office Parks REIT’s Board has approved buying 8,048 square feet of leasable retail area at First International Financial Centre (FIFC), Mumbai, the company announced on Oct 7. The space is 100% leased to leading F&B brands. CEO Amit Shetty called it a strategic addition deepening ownership of a flagship asset and keeping the retail offering continuous, adding the REIT will keep seeking "selective, value-accretive opportunities".
FIFC, in Bandra Kurla Complex, is a landmark Grade A office with premium workspaces, strong connectivity and a quality occupier base. Embassy REIT, the country’s first listed REIT and Asia’s largest office REIT by area, owns over 52 million square feet in Bengaluru, Mumbai, Pune, the National Capital Region (NCR) and Chennai: 14 office ecosystems housing 285 corporations, five operational business hotels, two hotels under development and a 100 MW solar park supplying tenants.
Six listed REITs distribute Rs 3,136 crore in Q1 FY27 to nearly 5 lakh unitholders: Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, Nexus Select Trust, Knowledge Realty Trust and Bagmane Prime Office. Sector gross Assets Under Management (AUM) exceeded Rs 3.17 lakh crore in Q1 FY27, and market capitalisation topped Rs 2.17 lakh crore as of August 11, 2026. They manage over 214 million square feet of Grade A office and retail space and have distributed over Rs 34,800 crore since inception.
