Technology-enabled commercial real-estate investment (CRE) Strata has forayed into Pune by raising over Rs 35 crore for A-grade office asset at Hinjewadi. The asset spread over 50,000 sq ft is leased out to a leading manufacturer and is expected to generate an average rental yield of 10%.
The office has been pre-leased for a period of nine years with a lock-in period of six years. Additionally, the asset is expected to generate a net investor annual internal rate of interest (IRR) of 13.10%.
After funding 15 premium assets across the country, we are now strengthening our presence in Maharashtra with this 16th asset. With huge demand especially across IT, BFSI and manufacturing sectors, the commercial property market in Pune is witnessing immense traction and therefore our asset launch comes at a very strategic time,” said Sudarshan Lodha, Co-Founder & CEO, Strata Property Management.
Strata Investment Platform allows investors to own and sell fractions of pre-leased, commercial properties such as office spaces, warehouses etc. It is backed by institutional investors like Kotak Investment Advisors, Gruhas Proptech, Sabre Investements Elevation Capital, Mayfield and PropStack . Currently the company has over Rs 700 crore worth of asset under management (AUM) with at total of 2.8mn sq ft managed office spaces across cities such as Mumbai, Bangalore, Hosur, Hyderabad, Chennai and Jaipur.
Fractional ownership allows investors to get exposure to income-producing real estate assets without a usual huge monetary undertaking. It refers to a set-up wherein a group of investors pool in funds to purchase a property and share passive ownership of a high-value asset through their investments.
