For Sale, Fractional Investment, Investment Opportunities $34,643 Onwards - Office
Pre-Lease Office to Global Sports Wear Brand | Fixed Monthly Income | Fractional Investment
* Krrish Tower (KT) Office investment opportunity: March’2022*
*Why Invest*
Major Business Hub
The asset is located in a major business hub of Bengaluru. The surrounding area has witnessed tremendous growth in the past decade and is home to several MNCs and Indian corporates.
*Great Connectivity*
The asset is located just off the Outer Ring Road (ORR) and is well connected to the rest of the city. An upcoming metro station just 300 meters away will further increase the value of the asset.
*World-Class Tenant*
The tenant is one of the world’s largest manufacturers of sportswear and has been in operation for over 70 years. The company plans to accommodate its fast-growing India operations at the asset.
*Overview :-*
This is an opportunity to invest in Krrish Towers; a brand new, Grade-A Office asset located in Mahadevpura, Bengaluru. The tenant is an international sportswear brand and has signed a 15 year lease with a 5 year lock-in period.
With high yields, long lease terms, excellent location, and a world class tenant, the asset makes for a compelling investment opportunity.
*Location:*
The asset is located in Mahadevpura, just off the Outer Ring Road (ORR), and the ITPL main road. Thanks to the proximity of major roads, the asset has excellent connectivity to the rest of Bengaluru.
The upcoming Mahadevapura metro station is within walking distance of the asset and is expected to be completed in 2023. The metro line will significantly reduce commuting times to the asset, making it more attractive to tenants.
The area is home to several MNCs including Accenture, Amazon, Hewlett Packard, Dell, EY, Capgemini, etc.
1. Airport: Kempegowda International Airport- 40 Kms
2. Highways: NH 44 | Outer Ring Road (ORR): 0.5 Km.,
NH 75: 3.5 Km
3. Railway Station: KR Puram- 3 Km
4. Upcoming Metro Station: Mahadevpura: 0.3 Km
*Tenancy:*
Tenant Overview
The tenant is one of world’s largest designers and manufacturers of athletic and casual footwear, apparel, and accessories. The company is leasing the asset to accommodate its fast-growing India operations.
The brand has an extensive media presence and is a prolific sponsor of sports teams including Cricket, Football, F1, and athletics. The company has been in operation for more than 70 years and has a presence in 120 countries.
Additional Details
- Lease Tenure: 15 Years
- Lock In: 5 Years
- Tenant: Global Sports Wear Brand
- Rent Esclation: 15% After 3 Years
- Average Monthly Income: ~ Rs 22200/-
- Target IRR: ~ 13.05%
