Board approves acquisition of 8,048 sq ft retail area at FIFC, Mumbai

The Board of the Manager to Embassy REIT has approved the acquisition of 8,048 square feet of retail area at First International Financial Centre (FIFC), Mumbai.

Wed 7 Oct 2026

Area Acquired

8,048 square feet of retail area at First International Financial Centre (FIFC), Mumbai

Leasing Status

100% leased to leading F&B brands

Location

FIFC sits in Bandra Kurla Complex, described as one of India's leading commercial business districts

What was approved

The Board of Embassy Office Parks Management Services Private Limited, the Manager to Embassy REIT, has approved the acquisition of 8,048 square feet of retail area at First International Financial Centre (FIFC), Mumbai. In the letter to the exchanges this is described as saleable area; in the enclosed press release the same space is described as leasable retail area. The transaction is described as further consolidating the REIT's ownership at one of its flagship assets.

What is being acquired

• 8,048 square feet of retail space at FIFC, Mumbai.
• The acquired space is 100% leased to leading F&B brands, so the retail area comes with tenants in place.
• The CEO notes the space is fully leased to established F&B brands, which the release says ensures continuity in the asset's retail offering and supports the overall occupier experience.

About the asset

• FIFC is one of Embassy REIT's key Mumbai assets, located in Bandra Kurla Complex, described as one of India's leading commercial business districts.
• The release calls it a landmark Grade A office destination that brings together premium workspaces, strong connectivity, a high-quality occupier base and a well-developed amenity ecosystem.

Management view

Amit Shetty, Chief Executive Officer of Embassy REIT, described the acquisition as a strategic addition to FIFC. He said the REIT will continue to pursue selective, value-accretive opportunities that strengthen the quality of its assets, deepen its presence in strategic locations and create sustainable long-term value for unitholders.

Portfolio context given in the release

• Embassy REIT owns and operates a portfolio of over 52 million square feet of office spaces across Bengaluru, Mumbai, Pune, the National Capital Region (NCR) and Chennai.
• The portfolio comprises 14 premium office ecosystems and is home to 285 leading global and domestic corporations.
• It also includes five operational business hotels, two hotels under development, and a 100 MW solar park supplying renewable energy to tenants.

How to read this

• The disclosure is an intimation of a press release, and the key fact for unitholders is a board-approved acquisition of 8,048 square feet of retail area at an existing Mumbai asset.
• The space is stated to be 100% leased to F&B brands, which ties the acquisition to the retail and amenity offering of the office asset rather than to a new development.
• The release frames this within the REIT's stated approach of selective, value-accretive opportunities and deepening its presence in strategic locations.
• The release also carries forward-looking statements and notes that the information is based on management information and estimates.

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