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Embassy Group, a Bengaluru-based real estate developer, has signed a deal with automobile giant Mercedes-Benz Research and Development India (MBRDI) to lease over 2,60,000 square feet of prime commercial real estate space in Embassy Crest, Whitefield, Bengaluru’s major IT hub.
Embassy Crest is a joint venture between the Embassy Group and United Telecom.
The office premises with fully furnished fit outs has been delivered to the client. The five-year lease (with an option to be extended by another five years) will strengthen an eight-year old partnership between the Embassy Group and Daimler AG which fully owns Mercedes-Benz India, said Jitu Virwani, Chairman and Managing Director of Embassy Group.
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