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Whitefield , Bangalore
5204
ATTRACTIVE PRICE
7.8%
HIGH RENTAL YIELD
6%
ESCALATION
ITPL
LOCATION
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
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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.
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.
Investment Note
Investment Note would be provided on request.
Legal Title Report
Title Report would be available after due diligence is completed.
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