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7,402
ATTRACTIVE PRICE
6.5%
RENTAL YIELD
6%
YEARLY ESCALATION
Whitefield
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.
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
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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
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 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.
Investment Note
Investment Note would be provided on request
Legal Title Report
Title Report would be provided on request
How much do you want to invest?
Rental Yield
6.5%
Monthly Rent
₹ 6,72,015
Ownership
100%
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