Strata Sells Bengaluru Industrial Asset for ₹35 Crore, Exceeding Investment Returns
Strata sells Bengaluru’s industrial asset for Rs 35 crore
The Economic TimesImage: The Economic Times
Strata, a commercial real estate investment platform, has sold an industrial asset in Bommasandra, South Bengaluru, for ₹35.3 crore. The sale yielded an internal rate of return (IRR) of approximately 15.3%, surpassing the initial target of 14.2%, and nearly doubling investor returns over five years.
- 01Strata sold an industrial asset in Bommasandra for ₹35.3 crore.
- 02The sale achieved an IRR of 15.3%, exceeding the target of 14.2%.
- 03Investors nearly doubled their investment over a holding period of about five years.
- 04The asset was acquired in 2021 for ₹25.9 crore through a sale-and-leaseback transaction.
- 05Strata's total investor exits have exceeded ₹300 crore in the last two years.
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Strata, a tech-enabled commercial real estate investment platform, has successfully sold an industrial asset located in Bommasandra, South Bengaluru, for ₹35.3 crore. This sale delivered an impressive internal rate of return (IRR) of approximately 15.3%, surpassing the initial target of 14.2%. Investors were able to nearly double their investment, including rental distributions, over a holding period of about five years. The asset was originally acquired in 2021 for ₹25.9 crore through a sale-and-leaseback transaction with Randox Laboratories, a global leader in diagnostics. Throughout the investment period, the facility remained fully leased and operational. The property, developed on a freehold land parcel of approximately 92,789.5 sq ft, includes two built-to-suit buildings designed to meet the tenant's operational requirements. This exit marks Strata's third successful transaction across various asset types, contributing to total investor exits exceeding ₹300 crore over the past two years.
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The successful sale of this industrial asset reflects the growing demand for commercial real estate in Bengaluru, particularly in the life sciences and manufacturing sectors.
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