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

1+

Brigade Tech Park III

Whitefield , Bangalore

New

* Min. Investment 12.93 Cr

Monthy Rent

₹6,72,015

Ownership

100%

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

7,402

ATTRACTIVE PRICE

6.5%

RENTAL YIELD

6%

YEARLY ESCALATION

Whitefield

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.

Time Period

Lease Start Date

01 Mar 2020

Lock-in Period

0 YEARS

Lease End Date

28 Feb 2023

Tenant Highlights

17,468 SF

Total Area

₹37

Rent Per SF

5 YEARS

Lease Period

6%

Escalation

Property Pricing

₹ 12,40,44,000

₹ 52,56,000

Location Highlights

Whitefield is the 2rd largest office market in Bangalore with approx. 22 million sf of office stock (20% of total Bangalore market) with offices of TESCO, GE, TCS and Accenture, 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 III Whitefield floor plan

Investment Overview

There is an opportunity to purchase 17,468 sf in Brigade Tech Park on Whitefield Main Road, Bangalore tenanted to Fortune 500 tenant Standard Chartered Bank for a price of Rs. 12,93,00,000 (Rs. 7,402 per sf) implying a 6.50% yield and 18.2% IRR.
Brigade Tech Park is a Grade A office development by the Brigade Group comprising two towers spread across 444,000 sf located on Whitefield Main Road, Bangalore and houses tenants like Standard Chartered, Idea and IDrive among others.
Whitefield is the second largest office market in Bangalore with approx. 22 million sf of office stock (20% of total Bangalore market) with offices of major MNCs like Hindustan Unilever, Britannia, Tesco, Capgemini, Accenture, HP, among others.

Key Updates

08-Dec-2020

Listing Live

Reports

Investment Note

Investment Note would be provided on request

Legal Title Report

Title Report would be provided on request