Bengaluru, Dec. 3 -- Investment firm Xander Group Inc. has sold an office building in Bengaluru's Embassy Golf Links business park to Embassy Office Parks REIT for Rs.852 crore, said a person familiar with the development.

The building, Pinehurst, is fully leased to Fidelity India. Xander India's office platform had bought it from Sanjay Ghodawat Group for Rs.350 crore in 2018 to expand its commercial office portfolio in India.

Embassy REIT said on Wednesday it had entered into definitive agreements to acquire a 0.3 million sq ft property as part of its growth strategy. It declined to disclose details of the seller and tenant. "Once the deal is closed, Xander will exit the investment," said the people cited above, who did not wish to be...