Embassy REIT Secures 2.07 Lakh Sq Ft Lease Agreement with Rubrik in Bengaluru
Embassy Office Parks REIT recently announced a significant lease agreement with global cybersecurity company Rubrik. The deal involves 2.07 lakh sq ft of office space at Embassy TechVillage in Bengaluru. The transaction, facilitated by Colliers, highlights the ongoing demand for high-quality commercial spaces in the city.
Embassy Office Parks REIT, India’s first publicly listed Real Estate Investment Trust, disclosed the Agreement to Lease in a regulatory filing on January 9, 2025. This agreement adds to Embassy REIT's consistent performance in the commercial real estate sector. Embassy TechVillage, located on Bengaluru’s Outer Ring Road, offers office spaces along with retail and recreational facilities, making it a preferred choice for companies looking to establish or expand their presence.
Rubrik’s decision to lease this space reflects its focus on scaling operations in India. Marcus Joseph, Director of Global Workplace Solutions (APJ) at Rubrik, stated that the new office is a step forward in the company’s growth journey. The facility is expected to enhance Rubrik’s ability to meet its business goals in the region.
Colliers, which facilitated the transaction, noted that the space meets Rubrik’s need for a well-located and accessible office with modern amenities. Embassy TechVillage has emerged as a preferred choice for companies due to its strategic location and the quality of its infrastructure. The project’s proximity to Bengaluru’s Outer Ring Road ensures ease of access for employees and clients.
Embassy REIT’s leadership also expressed satisfaction with the agreement. Ritwik Bhattacharjee, Interim CEO of Embassy REIT, highlighted the importance of the partnership with Rubrik as the company expands its presence in Embassy TechVillage. Such collaborations reinforce Embassy REIT’s role in providing spaces that align with the operational requirements of global corporations.
Embassy REIT’s portfolio spans across major cities, including Bengaluru, Mumbai, Pune, NCR, and Chennai. The portfolio includes 511 lakh sq ft of space, of which 384 lakh sq ft is operational. In addition to office parks, the portfolio also features business hotels and a solar park supplying renewable energy to tenants. Embassy REIT’s integrated approach to real estate management has contributed to its success and the satisfaction of its clients.
The Embassy TechVillage project has been a key asset in Embassy REIT’s portfolio. Its design and amenities cater to the needs of companies in sectors such as technology and cybersecurity. The new lease with Rubrik further demonstrates the demand for spaces that meet international standards.
The leasing highlights Bengaluru’s importance as a hub for technology and innovation. The city continues to attract global companies seeking to establish or expand their operations. Embassy REIT’s role in facilitating these developments strengthens its position in the market while supporting the city’s economic growth.
