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Whitefield Tech Park Whitefield cover image
Whitefield Tech Park
Whitefield, Bangalore

1% Enhanced yield for eligible investors

Whitefield Tech Park Whitefield big hero
something

8+

Whitefield Tech Park

Whitefield , Bangalore

Fully Funded

8.51%

HIGH RENTAL YIELD

19.4%

HIGH RETURNS

Rs 4,843

ATTRACTIVE PRICE

WHITEFIELD

LOCATION

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 Returns

Investment Amount

Tenant Details

Name

UK MNC

Country

UK

Description

UK-based skill development and training provider

Time Period

Lease Start Date

01 Aug 2020

Lock-in Period

4 YEARS

Lease End Date

31 Jul 2030

Tenant Highlights

1,28,027 SF

Total Area

₹33

Rent Per SF

10 YEARS

Lease Period

15%

Escalation

Property Pricing

₹ 62,00,00,000

₹ 4,09,20,000

₹ 1,86,00,000

₹ 15,00,000

₹ 49,80,000

Location Highlights

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 and HP, among others.

Floor Plan

Proposed building is spread across Ground + 5 floors.

Whitefield Tech Park Whitefield floor plan

Investment Overview

There is a unique opportunity to purchase a standalone Grade A building located in Whitefield, Bangalore tenanted to a UK-based multi-national for an all-in cost of Rs. 68,60,00,000 (Rs. 4,843 per sf) implying a 8.51% yield and 19.4% IRR for eligible investors.

The building is a 128,027 sf Grade A office asset in Whitefield, Bangalore fully leased with a 4-year lock-in. It is located in Whitefield, the second largest office market in Bangalore. Whitefield is a well developed commercial hub for multi-national companies. The building is situated right next the Bangalore's first integrated tech park International Tech Park (ITPL) which houses tenants including TCS, Societe Generale, Mu Sigma, AT&T, General Motors, Technicolor and Xerox, among others.

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

Key Updates

24-May-2021

Agreement Signed

26-May-2021

Listing Live

09-Jun-2021

Fully Funded

Reports

Investment Note

Property Share's Detailed Investment Note

Legal Title Report

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