Property Share | Invest in India’s 1st Small and Medium REIT

Tenant Profile

The asset is fully leased to a US-based Indian tech company offering AI-led customer services solutions having a presence in 6 countries and employing 15,000+ people.

Total Area

246,935 sq.ft

Rent per sq.ft

₹103.2

Rent Escalation

Every 3 years

Tenant Lock-in

4.6 years*

Lease Period

Dec 2024 - Dec 2033

* Weighted average

Proposed Lease Timeline

Dec, 2024

Purchase Date

Dec, 2027

1st Rent Escalation

Dec, 2030

2nd Rent Escalation

Dec, 2033

Lease Expiry

Property Details

PropShare Platina is the first scheme launched by Property Share Investment Trust (PSIT), India’s first registered Small and Medium REIT. We are the first listed SM REIT in India and believe that our first scheme - PropShare Platina offers investors an opportunity to invest in a six floors of a high-quality Grade A asset, Prestige Tech Platina, located on Outer Ring Road, Bengaluru – one of the largest office markets in the country. The property has a leasable area of 246,935 square feet and is fully leased to a US-based tech company on a 9-year lease. The scheme offers a projected distribution yield of 9.0%.

Location

Prestige Tech Platina is located along the main IT corridor on the Outer Ring Road, the largest office market in Bangalore with an office stock of 87.1 msf.

Floor Plan

The unit is spread across 6 floors totalling 246,935 sq.ft

PropShare Platina Webinar

Projected Net Distribution Cash Flow

Particulars	FY26	FY27	FY28
Net distributions to Investors (in INR)	31.69 Cr.	30.79 Cr.	30.21 Cr.
Yield (%)	9.0%	8.7%	8.6%
Post-Tax Yield	8.2%	8.2%	8.2%

The NDCF for PropShare Platina Scheme has been presented for the asset proposed to be owned by the PropShare Platina scheme as per draft offer document and statutory audit report.

IPO date

2nd-4th Dec 2024

Listing date

10th Dec 2024

Ticker

PSPLATINA

Listed on BSE

Issue size

3,361 units

aggregating upto ₹352.91 cr