Embassy REIT gets right of first offer for Chennai property

"The acquisition, which comprises nearly 5 million sq ft of office assets in Old Pallavaram, Chennai, is expected to take around six months and is under review," said two people aware of the deal. The property is currently under construction and has 1.4 million sq ft of completed and leased space to clients like BNY Mellon, Accenture and Wells Fargo.