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Viman Nagar , Pune
5.2%
HIGH RENTAL YIELD
16.9%
HIGH RETURNS
15 month
LOW RISK
BBD
MNC TENANT
Name
Barone, Budge and Dominick (BBD)
Country
South Africa
Description
A provider of custom software development and application design solutions, BBD's 33 years of technical and developer expertise spans the banking, insurance, telecommunications, education and public sectors. Employing over 700 highly skilled, motivated and experienced IT professionals - BBD is South Africa's largest independent custom software development company.
Time Period
Lease Start Date
01 Aug 2016
Lock-in Period
3 YEARS
Lease End Date
31 Jul 2025
Tenant Highlights
8,944 SF
Total Area
₹88
Rent Per SF
9 YEARS
Lease Period
5%
Escalation
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Sky Vista is strategically located in Viman Nagar, close to the Pune Airport, Phoenix Market City, Inorbit Mall, Hyatt, Ritz Carlton and Sheraton Hotels and campuses of IBM, Deutsche Bank, Mastercard, HSBC, Concentrix, CLSA, E&Y among others.
Property Share’s unit is located on the 7th floor and leased to BBD, a South African technology company.
There is an opportunity to purchase a 8,944 square feet high-end commercial office leased to a South African tech company in Lunkad Sky Vista, Pune for an all-in cost of Rs. 13,08,00,000 (Rs. 13,417 per sf) which implies a 8.5% yield.
Developed by the Lunkad Group, Sky Vista is a 130,000 sf boutique office building located in prime Viman Nagar and tenanted to multinational tenants like GE, Voxeljet, Cavotec, Regus, Kyocera among others.
We believe the pricing, tenant, location, rental yield and quality of the development will lead to significant upside over the next 4-5 years.
Investment Note
A detailed investment note on the property by our Investment Team
Legal Title Report
A detailed report on the title by our lawyers Cyril Amarchand Mangaldas
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