Nokia India Renews Lease of 511k sf at Embassy Manyata Bengaluru

Embassy REIT announced that it has completed a lease renewal in Embassy Manyata, Bengaluru with Nokia Solutions and Networks India Private Limited (“Nokia India”).The deal marks a new chapter in their existing relationship, a journey which commenced over a decade back. Embassy Manyata is one of the largest business parks in India with an operational area of around 12 million square feet. Spread over 121 acres, Embassy Manyata is a integrated business park with commercial, retail, planned hospitality spaces and is located on the Hebbal Outer Ring Road; the epicenter of Bengaluru’s Northern corridor. The business park enjoys quick access to the airport via Hebbal-Airport expressway and is strategically located between CBD and Airport. A host of under-development and upcoming infrastructure initiatives like dual-branded Hilton hotels, a dedicated flyover for inflow and outflow of park traffic, multiple skywalks and upcoming metro in front of the park, make Embassy Manyata a preferred destination for occupiers. Vikaash Khdloya, Deputy CEO and COO of Embassy REIT, said, “We are delighted to extend our decade long relationship with Nokia and are grateful for the strengthened partnership. This deal underscores Embassy REIT’s position as the landlord of choice for top Indian and multinational corporates. Driven by global technology trends and enhanced wellness requirements, International occupiers in India are anticipating the next phase of growth; and we believe that Indian office market remains best positioned to benefit from this clear trend.”