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Brigade Tech Park Whitefield cover image
Brigade Tech Park
Whitefield, Bangalore
Brigade Tech Park Whitefield big hero
something

3+

Brigade Tech Park

Whitefield , Bangalore

Fully Funded

* Min. Investment 10 lakhs

Monthy Rent

₹5,640

Ownership

1%

Bid/ ask

You can now place both Bids and Offers with Property Share.

Bids

A Bid is the price at which a given number of shares are available to buy.

Ask

An Offer is the price at which owned shares are available for sale.

Investment Highlights

5204

ATTRACTIVE PRICE

8.3%

HIGH RENTAL YIELD

6%

ESCALATION

ITPL

LOCATION

Investment Returns

Investment Amount

Tenant Details

Name

Standard Chartered

Country

UK

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.

Time Period

Lease Start Date

01 Mar 2017

Lock-in Period

1 YEARS

Lease End Date

28 Feb 2023

Tenant Highlights

17,468 SF

Total Area

₹33

Rent Per SF

6 YEARS

Lease Period

6%

Escalation

Property Pricing

₹ 9,10,00,000

₹ 63,11,915

₹ 18,20,000

₹ 12,37,630

₹ 6,18,815

₹ 4,00,000

₹ 1,11,640

Location Highlights

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

Floor Plan

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

Brigade Tech Park Whitefield floor plan

Investment Overview

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. 10,15,00,000 (Rs. 5,811 per sf) which implies a 8.31% 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.

Key Updates

25-May-2017

MOU Signed

26-May-2017

Funding Opened

Reports

Investment Note

Investment Note would be provided on request.

Legal Title Report

Title Report would be available after due diligence is completed.