PER SQUARE FEET
  • TENANTED
  • DEBT AVAILABLE
17,468 SF
Whitefield, Bangalore
  • MIN INVESTMENT
  • NO OF INVESTORS
  • RENTAL YIELD
  • RETURN TARGET
  • 87%
  • 57
Of ₹ 9,90,00,000 Property Value
  • Brigade Tech Park - Investment Case: Listen to Kunal, Property Share Co-founder & Chief Investment Officer, speak about the property, the pricing, the tenant and why Whitefield is such a great office market

    • ATTRACTIVE PRICE Per square foot
    • HIGH RENTAL YIELD on All-in Price
    • ESCALATION annual rent escalation
    • LOCATION Bangalore's 2nd largest office market
  • There is an opportunity to purchase a 17,468 square feet commercial office space in Brigade Tech Park, ITPL, Whitefield, Bangalore for an all-in cost of Rs. 9,90,00,000 (Rs. 5,668 per sf) which implies a 7.31% yield . This increases to 8.64% through annual 6% contractual rent escalation.

    Brigade Tech Park is a Grade A office development by the Brigade Group comprising two towers, of which Tower A is owned by the promoter of Brigade.

    Brigade Tech Park is located next to ITPL, Bangalore’s oldest tech park with tenants including TCS, Xerox, IBM, GE, Atos, Oracle, Perot.

    Whitefield is the 2rd largest office market in Bangalore with approx. 30 million sf of office stock (25% of total Bangalore market) with offices of TESCO, GE, TCS, Accenture, SocGen among others.

     

    • 100%
      INVESTMENT AMOUNT
    • 30%
      RENTS
    • 1%
      INTEREST ON DEPOSIT
    • 46%
      PROFIT
    • 177%
      TOTAL
    Return Target : 16.9%
  • ₹ 9,90,00,000
    • purchase price
    • stamp duty
    • registration
    • brokerage
    • legal fee
    • cess
    • reserve
    • purchase price
    • stamp duty
    • registration
    • brokerage
    • legal fee
    • cess
    • reserve
    All in price

Whitefield is the 2rd largest office market in Bangalore with approx. 30 million sf of office stock (25% of total Bangalore market) with offices of TESCO, GE, TCS, Accenture, SocGen among others

Well laid out floor divisible into 4 separate office with lifts in the middle and bathrooms in the four corners.

  • ₹ 9,90,00,000
    • purchase price
    • stamp duty
    • registration
    • brokerage
    • legal fee
    • cess
    • reserve
    • purchase price
    • stamp duty
    • registration
    • brokerage
    • legal fee
    • cess
    • reserve
    All in price
  • ₹5,72,482
    GROSS RENT
  • ₹17,175
    property tax
  • ₹82,500
    property management fee
  • ₹4,72,807
    net rent
Annual Yield : 7.30%
  • 01 Mar 2017
  • 1 YEAR
  • 28 Feb 2023
  • 17,468 SF
  • ₹ 33
  • 6 YEARS
  • 6%

TENANT DETAILS

Name: Standard Chartered

Country: UK

Office Locations: Various

Description: Standard Chartered Bank is a British multinational company headquartered in London. It operates more than 1,200 branches across 70 countries and employs around 87,000 employees. It had a market capitalisation of approximately £24.1 billion as of 26th May 2017.

  • ₹ 5,668 per square feet for a Grade A completed rented office building in ITPL
  • 7.3% rental yield 
  • 6.0% annual escalation
  • Tenanted to Standard Chartered Bank
  • Market cap £24.4 billion
  • Located in ITPL, Whitefield, Bangalore's 2nd largest office market
  • Part of a campus with MNC tenants like Capgemini, LG CNS, Qualcomm India, IBS Software among others.
  • At a 10% CAGR on exit, the returns are 17% and 1.8x
  • 7.3% rental yield which increases to 8.6% in Year 4 due to contractual escalation
5%
15%
  • PROFIT AMOUNT
  • SALE PRICE PSF
  • MOIC
  • IRR
DAY 0 YEAR 1 YEAR 2 YEAR 3 YEAR 4
INVESTMENT ( ₹ 9,90,00,000 )
RENTS 68,71,212 72,83,485 77,20,494 81,83,724
INTEREST ON DEPOSIT 3,65,892 3,65,892 3,65,892 3,65,892
SALE VALUE 14,49,45,900
TOTAL ( ₹ 9,90,00,000 ) ₹ 72,37,104 ₹ 76,49,377 ₹ 80,86,386 ₹ 15,34,95,516
  • Investment Note would be provided on request.

  • Title Report would be available after the due diligence is completed.

Picture

MOU Signed

25/05/2017
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Funding opened

26/05/2017