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Industrial actual property funding platform Strata has acquired the 11-storey Café Espresso Day (CCD) Sq. positioned at Bengaluru’s premium Vittal Mallya Street for an estimated worth of about Rs 150 crore. With this property, Strata’s Karnataka asset transaction worth crosses Rs 410 crore.
“We’re thrilled to unveil the CCD Sq., a grade-one industrial property that embodies our dedication to excellence and innovation. The asset is an icon among the many notable properties in Bangalore. This acquisition marks not simply the addition of a outstanding construction to our portfolio, however a major step in the direction of our unwavering dedication to construct and handle superior property and ship promising returns to our traders,” mentioned Sudarshan Lodha, Co-founder and CEO, Strata.
“By way of its tech-enabled platform, Strata has over 100,000+ members worldwide, together with greater than 3000 traders. The investor base contains Non-Resident Indians (NRIs), Excessive Internet-worth People (HNIs), household workplaces, high administration from Fortune 500 corporations, Extremely Excessive Internet-worth People (UHNIs), and institutional traders, contributing to Strata’s world attraction and success within the industrial actual property funding panorama,” Lodha added.
The Café Espresso Day Sq. has a complete built-up space of over 100,000 sq. toes, and every flooring measures roughly 9,000 sq. toes. The property is surrounded by upscale malls, premium model stores, eating places, transportation hubs, ATMs, and extra.
The CCD Sq. Property is Strata’s seventh asset in Bengaluru. Strata has 34 property below its portfolio all throughout India with Belongings Below Administration (AUM) spanning over 3.7 million sq. toes. A few of Strata’s marquee properties embrace premium workplace areas throughout Navi Mumbai, Pune, and Hyderabad.
First Printed: Feb 05 2024 | 10:40 PM IST
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