New Delhi, April 29 -- Embassy Office Parks Reit met its FY26 leasing guidance of 6.4 million square feet (msf), aided by organic expansions and acquisitions. Healthy leasing momentum across Bengaluru, Noida and Chennai assets helped portfolio occupancy rise 300 basis points (bps) year-on-year to 90% as of March.

Global capability centres (GCCs) contributed about 60% to Embassy's total leasing, driven by technology, healthcare and BFSI sectors. With seven new GCC entrants in FY26, Embassy has 102 GCCs in its occupier portfolio of 280 corporates.

The prospects for Grade A office spaces would be upbeat in FY27 given favourable demand-supply dynamics. Embassy sees AI-related risk to be benign for office assets and expects portfolio occupan...