Bengaluru Based Real Estate Company Embassy Group Leases 4.63 Lakh sq ft Office Space to Allianz in Thiruvananthapuram Kerala

Bengaluru headquartred Embassy Group has leased 4.63 lakh sq ft of office space to Allianz in its Embassy Taurus Techzone project in Thiruvananthapuram (Trivandrum), making it the single largest office leasing transaction in the city.

Allianz is a German multinational financial services company having its headquarters in Munich.

According to Embassy Group, Allianz has taken up 463,704 square feet of Grade-A office space.

This is the city's largest single office leasing deal, confirming Thiruvananthapuram as one of South India's favoured IT/ITeS (Information Technology and IT-enabled Services) locations, according to the announcement.

Taurus Investment Holdings India and Embassy Group are developing a 3 million sq. ft. world-class SEZ (Special Economic Zone) office space in Taurus Downtown Trivandrum.

The tenancy's transfer date has been set for November 2022.