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Prestige Tech Platina Media E Outer Ring Road cover image
Prestige Tech Platina Media E
Outer Ring Road, Bangalore

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Prestige Tech Platina Media E

Outer Ring Road , Bangalore

Pre Book

10.00%

HIGH RENTAL YIELD

17.5%

HIGH RETURNS

₹10,600 psf

ATTRACTIVE PRICE

Outer Ring Road

LOCATION

Bid/ ask

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Bids

A Bid is the price at which a given number of shares are available to buy.

Ask

An Offer is the price at which owned shares are available for sale.

Investment Returns

Investment Amount

Tenant Details

Name

US-based Tech Company

Country

USA

Description

A customer service software and services company based in California with 18 global offices and 15,000+ employees.

Time Period

Lease Start Date

01 Apr 2023

Lock-in Period

7 YEARS

Lease End Date

01 Apr 2032

Tenant Highlights

1,71,402 SF

Total Area

₹96

Rent Per SF

9 YEARS

Lease Period

15%

Escalation

Property Pricing

₹ 1,81,68,61,200

₹ 17,17,44,804

₹ 13,12,43,450

₹ 5,96,56,113

₹ 40,00,000

₹ 1,14,94,433

Location Highlights

Prestige Tech Platina is a LEED Platinum building on the main Outer Ring Road, the largest office corridor in Bangalore.

Floor Plan

Proposed unit is spread across 4 floors totaling 171,402 sf

Prestige Tech Platina Media E Outer Ring Road floor plan

Investment Overview

This is a rare opportunity to purchase 1,71,402 sf in a LEED Platinum building – Prestige Tech Platina on Outer Ring Road in Bangalore tenanted to a US-based company on a 9-year lease (7-year lock-in), at a price of ₹10,600 per sf implying a 10% yield and a 17.5% IRR.

Prestige Tech Platina is a LEED Platinum building on the main Outer Ring Road and is part of the larger Prestige Tech Park campus with MNC tenants like JP Morgan Chase, Adobe, Schneider Electric and Juniper Networks.

We believe this is a great opportunity to acquire a LEED Platinum asset developed by the Prestige group at a low purchase price of ₹10,600 per sf with a 7-year lock-in in Bangalore’s largest micro-market.

Key Updates

15-Feb-2023

Term Sheet Signed

21-Feb-2023

Listing Live

Reports

Investment Note

Detailed Investment Note