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IBC Knowledge Park II Bannerghatta Road cover image
IBC Knowledge Park II
Bannerghatta Road, Bangalore
IBC Knowledge Park II Bannerghatta Road big hero
something

3+

IBC Knowledge Park II

Bannerghatta Road , Bangalore

Resale

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Investment Highlights

8.5%

HIGH RENTAL YIELD

18.2%

HIGH RETURNS

₹ 11,350

ATTRACTIVE PRICE

Grade A+

QUALITY

Investment Returns

Investment Amount

Tenant Details

Name

LG

Country

Seoul (South Korea)

Description

South Korean multinational electronics company (Fortune 200) Distributor of products for electronics system design, maintenance and repair.

Time Period

Lease Start Date

01 Jan 2017

Lock-in Period

3 YEARS

Lease End Date

01 Jan 2026

Tenant Highlights

8,804 SF

Total Area

₹82

Rent Per SF

9 YEARS

Lease Period

15%

Escalation

Name

Element 14

Country

Leeds (U.K.)

Description

UK based technology major

Time Period

Lease Start Date

01 Jul 2017

Lock-in Period

3 YEARS

Lease End Date

01 Jul 2027

Tenant Highlights

13,589 SF

Total Area

₹78

Rent Per SF

10 YEARS

Lease Period

15%

Escalation

Property Pricing

₹ 25,41,53,071

₹ 1,67,74,103

₹ 50,83,061

₹ 8,15,679

₹ 6,74,086

Location Highlights

IBC is a 2 mn sf Grade A office park in South Bangalore with a blue-chip tenant roster including Accenture, Oracle, LG, Byju’s, Swiggy among others. It is located at the start of Bannerghatta Road, close to the dense residential hubs of Koramangala, Jayanagar and JP Nagar.

Floor Plan

The project is spread over 4 towers. Property Share’s unit is in Tower D on the 11th Floor.

IBC Knowledge Park II Bannerghatta Road floor plan

Investment Overview

There is an opportunity to purchase a 22,392 square feet floor in IBC Knowledge Park, Bangalore tenanted to LG Electronics and Elements 14 for an all-in cost of Rs. 27,75,00,000 (Rs. 11,350 per sf) implying a 9% yield for pre-book investors and 18.2% IRR.

IBC is a 2 mn sf Grade A office park in South Bangalore with a blue-chip tenant roster including Accenture, Oracle, LG, Byju’s, Swiggy among others. It is located at the start of Bannerghatta Road, close to the dense residential hubs of Koramangala, Jayanagar and JP Nagar. The property is within walking distance of 2 metro stations on the Red Line of the Metro which is currently under-construction and estimated to be completed by 2022 which is well within the hold period of investment.

Property Share’s floor is leased to electronics and home appliances major LG Electronics and to electronics component distributor Elements 14.

We believe the pricing, location (upcoming metro line), rental yield and quality of the development will lead to significant upside over the next 4-5 years.

Key Updates

25-Jan-2019

MOU Signed

29-Jan-2019

Funding Opened

Reports

Investment Note

Property Share's Detailed Investment Note

Legal Title Report

Detailed Report on the Title diligence of the property by Amarchand Mangaldas