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HITEC City , Hyderabad
9.5%
HIGH RENTAL YIELD
19.26%
HIGH RETURNS
Rs 9,554
ATTRACTIVE PRICE
HITEC City
LOCATION
Name
Qualcomm
Country
USA
Description
US-based Qualcomm is a Fortune 150 technology major engaged in business of semiconductors, software, and services related to wireless technology.
Time Period
Lease Start Date
01 Mar 2018
Lock-in Period
4 YEARS
Lease End Date
31 May 2023
Tenant Highlights
96,950 SF
Total Area
₹66
Rent Per SF
5 YEARS
Lease Period
5%
Escalation
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Mindspace Business Park is the largest Grade A business park in Hyderabad spread across 97 acres (10.6 million sf of leasable area) and c. 98% leased to marquee tenants like Accenture, Qualcomm, BA Continuum, JP Morgan, Facebook, Amazon, among others.
Floor plan is typical of Grade A business parks with large efficient floor plates, a central lift core and services on the side.
There is an opportunity to purchase 96,950 sf in Mindspace Business Park, Hyderabad tenanted to US-based Qualcomm for an all-in cost of Rs. 1,00,50,00,000 (Rs. 9,554 per sf) implying a 9.5% yield and 19.26% IRR for pre-book investors.
Mindspace Business Park is the largest Grade A business park in Hyderabad spread across 97 acres (10.6 million sf of leasable area) and c. 98% leased to marquee tenants like Accenture, Qualcomm, BA Continuum, JP Morgan, Facebook, Amazon, among others.
Qualcomm is a key tenant in Mindspace and occupies c. 1 mn sf (c. 9% of Mindspace)
We believe this is a unique opportunity to acquire a leased Grade A asset in Hyderabad’s largest and fastest growing micro-market.
Investment Note
PropShare's Detailed Investment Note
Legal Title Report
Detailed Report on the Title diligence of the property by Amarchand Mangaldas
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