Embassy Group lease out 4.63 lakh sq ft to Allianz Companies in Trivandrum.

Embassy Group has leased out 4,63,704 sq ft of the grade-A office space to Allianz Companies in Embassy Taurus TechZone (ETTZ), Trivandrum, the company said in a media release.

The 3 million sq. ft. special economic zone (SEZ) office space is being jointly developed by Taurus Investment Holdings India and Embassy Group in Taurus Downtown Trivandrum.

Aditya Virwani, COO, Embassy Group, said, "This is a testament to how demand for large office spaces by blue chips has not been diminished by Covid-19, and we are confident that it will continue to grow."

Somesh Jauhari, CPO for Allianz Technology India and Allianz Services India, said, “With this new space, we aim to consolidate our presence of close to two decades in Technopark, Trivandrum, across multiple buildings."

The handover timeline for the tenancy is scheduled for November 2022.

ET