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Bannerghatta Road , Bangalore
9%
HIGH RENTAL YIELD
18.2%
HIGH RETURNS
₹ 11,350
ATTRACTIVE PRICE
Grade A+
QUALITY
Name
LG
Country
IN
Description
Time Period
Lease Start Date
01 Aug 2024
Lock-in Period
0 YEARS
Lease End Date
31 Dec 2025
Tenant Highlights
5,000 SF
Total Area
₹240
Rent Per SF
1 YEARS
Lease Period
12.5%
Escalation
Name
man2achieve10
Country
IN
Description
Time Period
Lease Start Date
01 Aug 2024
Lock-in Period
0 YEARS
Lease End Date
31 Dec 2024
Tenant Highlights
1,000 SF
Total Area
₹20
Rent Per SF
0 YEARS
Lease Period
10%
Escalation
Name
man2achieve2
Country
IN
Description
Time Period
Lease Start Date
01 Aug 2024
Lock-in Period
0 YEARS
Lease End Date
30 Nov 2024
Tenant Highlights
1,000 SF
Total Area
₹20
Rent Per SF
0 YEARS
Lease Period
10%
Escalation
Name
man2Achieve11
Country
IN
Description
Time Period
Lease Start Date
01 Aug 2024
Lock-in Period
0 YEARS
Lease End Date
31 Dec 2024
Tenant Highlights
1,000 SF
Total Area
₹10
Rent Per SF
0 YEARS
Lease Period
10%
Escalation
Name
mahendra 100
Country
IN
Description
Time Period
Lease Start Date
01 Aug 2024
Lock-in Period
0 YEARS
Lease End Date
30 Nov 2024
Tenant Highlights
10,000 SF
Total Area
₹0.1
Rent Per SF
0 YEARS
Lease Period
10%
Escalation
Name
Element 14 (Phase I)
Country
IN
Description
Time Period
Lease Start Date
01 Jan 2024
Lock-in Period
0 YEARS
Lease End Date
31 Dec 2025
Tenant Highlights
2,000 SF
Total Area
₹100
Rent Per SF
1 YEARS
Lease Period
10%
Escalation
Name
Element 14 (Phase I)
Country
Leeds (U.K.)
Description
UK based technology major
Time Period
Lease Start Date
01 Jul 2017
Lock-in Period
3 YEARS
Lease End Date
01 Jul 2027
Tenant Highlights
19,000 SF
Total Area
₹78
Rent Per SF
10 YEARS
Lease Period
15%
Escalation
Name
Element 14 (Phase II)
Country
IN
Description
Time Period
Lease Start Date
01 Jan 2024
Lock-in Period
0 YEARS
Lease End Date
31 Dec 2025
Tenant Highlights
2,000 SF
Total Area
₹750
Rent Per SF
1 YEARS
Lease Period
5%
Escalation
Name
samsung india1
Country
IN
Description
Time Period
Lease Start Date
05 Sep 2024
Lock-in Period
1 YEARS
Lease End Date
31 Dec 2025
Tenant Highlights
30,000 SF
Total Area
₹2.07
Rent Per SF
1 YEARS
Lease Period
10%
Escalation
Name
tech mahindra
Country
IN
Description
Time Period
Lease Start Date
06 Sep 2024
Lock-in Period
0 YEARS
Lease End Date
31 Dec 2024
Tenant Highlights
1,00,000 SF
Total Area
₹0.15
Rent Per SF
0 YEARS
Lease Period
10%
Escalation
Name
tech mahindra2
Country
IN
Description
Time Period
Lease Start Date
06 Sep 2024
Lock-in Period
0 YEARS
Lease End Date
31 Dec 2024
Tenant Highlights
1,00,000 SF
Total Area
₹0.15
Rent Per SF
0 YEARS
Lease Period
10%
Escalation
Name
tenant10
Country
IN
Description
Time Period
Lease Start Date
06 Sep 2024
Lock-in Period
0 YEARS
Lease End Date
31 Dec 2024
Tenant Highlights
10,000 SF
Total Area
₹0.1
Rent Per SF
0 YEARS
Lease Period
10%
Escalation
Name
tenant11
Country
IN
Description
Time Period
Lease Start Date
06 Sep 2024
Lock-in Period
0 YEARS
Lease End Date
31 Dec 2024
Tenant Highlights
10,000 SF
Total Area
₹0.3
Rent Per SF
0 YEARS
Lease Period
10%
Escalation
Name
tenant12
Country
IN
Description
Time Period
Lease Start Date
09 Sep 2024
Lock-in Period
0 YEARS
Lease End Date
31 Dec 2024
Tenant Highlights
1,000 SF
Total Area
₹10
Rent Per SF
0 YEARS
Lease Period
10%
Escalation
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IBC is a 2 mn sf Grade A office park in South Bangalore with a blue-chip tenant roster including Accenture, Oracle, LG, Byju’s, Swiggy among others. It is located at the start of Bannerghatta Road, close to the dense residential hubs of Koramangala, Jayanagar and JP Nagar.
The project is spread over 4 towers. Property Share’s unit is in Tower D on the 11th Floor.
There is an opportunity to purchase a 32,277 square feet floor in IBC Knowledge Park, Bangalore tenanted to LG Electronics and Elements 14 for an all-in cost of Rs. 40,00,00,000 (Rs. 11,350 per sf) implying a 9% yield for pre-book investors and 18.2% IRR.
IBC is a 2 mn sf Grade A office park in South Bangalore with a blue-chip tenant roster including Accenture, Oracle, LG, Byju’s, Swiggy among others. It is located at the start of Bannerghatta Road, close to the dense residential hubs of Koramangala, Jayanagar and JP Nagar. The property is within walking distance of 2 metro stations on the Red Line of the Metro which is currently under-construction and estimated to be completed by 2022 which is well within the hold period of investment.
Property Share’s floor is leased to electronics and home appliances major LG Electronics and to electronics component distributor Elements 14.
We believe the pricing, location (upcoming metro line), rental yield and quality of the development will lead to significant upside over the next 4-5 years.
Investment Note
Property Share's Detailed Investment Note
Legal Title Report
Detailed Report on the Title diligence of the property by Amarchand Mangaldas
Comments (if any)