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Embassy Group, ANZ Bengaluru Partners With 600k Sq Ft Built-to-Suit Facility
The new facility, currently under construction, is designed to accommodate over 6,000 employees
Photo Credit : Shutterstock
Embassy Group announced on Monday that ANZ Bengaluru Service Centre, an existing occupier at Embassy Manyata Business Park since 2008, has expanded its footprint with the signing of an agreement for a built-to-suit facility of 600,000 sq ft at Building M3. The new facility, currently under construction, is designed to accommodate over 6,000 employees.
Embassy Manyata is India’s largest office park, with an operational area of around 12 million square feet. Spread over 121 acres, Embassy Manyata is a people-centric integrated business park with commercial, retail, hospitality, and conference centre facilities. Embassy Manyata has invested extensively to enhance the total business ecosystem offering of the park, creating an unparalleled value proposition for global occupiers.
Aditya Virwani, COO, Embassy Group, said, "The partnership with ANZ dates back to 2005, when they first set up their office at Embassy GolfLinks Business Park. ANZ has been an occupier for nearly two decades, and we are delighted to be able to support their expansion over the coming years. We have seen an increasing trend of global occupiers moving forward with their real estate expansion and consolidation strategies, and we are pleased to be able to meet our occupiers' demand for high-quality, amenity-rich, and sustainable workspaces."
S V Venkataraman, Managing Director, ANZ Bengaluru, said, "As one of the top 50 banks in the world, ANZ’s Bengaluru operations are essential in providing technology services and operations support for ANZ customers across Australia, New Zealand and Asia. With the lease for one of our current office buildings in Embassy Manyata Business Park coming to an end, for the convenience of our more than 5,000 employees combined with the expected growth of ANZ Bengaluru, we wanted to find a new office in close proximity. Investing in this new high-tech office with state-of-the-art infrastructure and sustainability features (including LEED-certification and RPWD guidelines) will support our ambition to adapt and grow the bank we are building for the future to achieve our purpose of helping people and communities thrive."
Aravindan Madhava Murthy, Chief Operating Officer, ANZ Bengaluru, said, "At ANZ, we believe the office environment plays an essential role in sustaining our culture and creating unique opportunities for our people to collaborate, learn, and grow. When we move into our new office in Embassy Manyata Business Park in early 2025, we’re excited to be able to offer a state-of-the-art, high-tech working environment that enables engaging experiences and where employees can do their best work and build meaningful career pathways."
Rahul Arora, Head of Office Leasing Advisory India & MD - Karnataka & Kerala, JLL India, said, "Demand led by return to office and bullish hiring across technology, BFSI and start-up companies has fuelled office leasing across key cities. Leasing momentum is witnessing a strong acceleration and, backed by strong market fundamentals, a healthy supply pipeline and uptick in demand. Absorption levels are likely to surpass pre-pandemic levels this year. Increasingly, occupiers are focusing on sustainability, wellness and enhanced employee experience, which is translating to key developers and funds incorporating these elements into newer base building offerings. With Bangalore stock projected to cross 200 million sq ft by the end of 2022, we are already seeing a whole generation of new age buildings that are built to directly contribute to occupier sustainability goals."