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The Pavilion III
Outer Ring Road, Bangalore

1% Enhanced yield for Pre-book investors

The Pavilion III Outer Ring Road big hero
something

6+

The Pavilion III

Outer Ring Road , Bangalore

Fully Funded

* Min. Investment 25 lakhs

Monthy Rent

₹19,042

Ownership

0.4%

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

9.14%

HIGH RENTAL YIELD

18.1%

HIGH RETURNS

Rs 12,338

ATTRACTIVE PRICE

ORR

LOCATION

Investment Returns

Investment Amount

Tenant Details

Name

Aurbis Business Parks

Country

Singapore

Description

Singapore-based Aurbis is a managed offices provider backed by Avila Capital which was founded by the Chairman of Assetz Property Group Singapore.

Time Period

Lease Start Date

01 Oct 2019

Lock-in Period

5 YEARS

Lease End Date

30 Sep 2029

Tenant Highlights

52,277 SF

Total Area

₹88

Rent Per SF

10 YEARS

Lease Period

4.5%

Escalation

Property Pricing

₹ 64,50,00,000

₹ 3,98,89,025

₹ 1,29,00,000

₹ 10,00,000

₹ 52,10,975

Location Highlights

Outer Ring Road is the largest office market in Bangalore with headquarters of tenants like Microsoft, Goldman Sachs, JP Morgan, Northern Trust, Cisco, Oracle, Wells Fargo and LinkedIn among others.

Floor Plan

Proposed units are spread across Ground, 5th and 6th floors.

The Pavilion III Outer Ring Road floor plan

Investment Overview

There is an opportunity to purchase 52,277 sf in The Pavilion on Outer Ring Road, Bangalore tenanted to Singapore-based Aurbis Business Parks for an all-in cost of Rs. 70,40,00,000 (Rs. 12,338 per sf) implying a 9.14% yield and 18.1% IRR for Pre-book investors.

The Pavilion is a newly-built 210,000 sf Grade A office asset on Outer Ring Road, Bangalore fully leased to Aurbis Business Parks with a 5-year lock-in. Aurbis has in-turn leased to blue-chip tenants including Tata Technologies, eBay, Livspace, PhonePe, Aptus Labs and iQuanti. The Pavilion is located on Outer Ring Road, the largest and fastest growing office market in Bangalore. Outer Ring Road is a well developed commercial hub for multi-national companies and is in close proximity to dense residential hubs of Koramangala, Indiranagar, Sarjapur, and HSR Layout.

In Feb'20, PropShare listed 53,577 sf in the project (25% of total area). With this listing, PropShare will manage > 50% of the total area including entire ground, 4th and 5th floors exclusively, giving it strategic advantage. Since closing the transaction in Feb'20, Aurbis has paid 100% rent for all months.

The entire building has been leased to Singapore-based managed offices player Aurbis Business Parks backed by Avila Capital.

We believe this is a unique opportunity to acquire a leased Grade A asset in Bangalore’s largest and fastest growing micro-market.

Key Updates

15-Sep-2020

Price Negotiated

28-Sep-2020

Listing Live

Reports

Investment Note

Property Share's Detailed Investment Note

Legal Title Report

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