JP Morgan to take 1.1 million sq ft office space from Embassy in Bengaluru

Realty firm Embassy Group today said it has signed an agreement with global financial services firm JP Morgan to provide on lease 1.1 million sq ft premium office spacein its project at Bengaluru. Embassy group is the country's leading commercial real estate developer with over 30 million sq ft of completed assets and another 20 million sq ft under various stages of development. The Bengaluru-based developer, in a statement, said that it has signed a long-term lease deal with JP Morgan for commercial office space at Embassy TechVillage project. "Embassy shall develop a 1,100,000 sq. feet built-to-suit facility in phases, with the first phase expected to be delivered by the first quarter of 2021," it added. Spread over 103 acres, Embassy TechVillage is an integrated LEED platinum-rated business park with commercial, retail, hospitality spaces and is located on the Outer Ring Road, the heart of Bengaluru's IT corridor.