Strata to Raise 64 Crore for Warehouse Asset in Bengaluru
Strata, India’s tech-enabled commercial real estate (CRE) investment platform has launched its first-ever warehousing asset in Bengaluru. The Grade-A premium warehousing property is spread over 2 lakh sq. ft and is expected to offer a gross entry yield of 9.3%. Located on the outskirts of India’s IT hub Bengaluru, Hoskote is emerging as an industrial foothold in Southern India. The asset is pre-leased for a period of 15 years and has a lock-in period of 7 years. Rented out by one of the biggest international logistics companies, the property is to serve as one of the most sophisticated and state-of-the-art warehousing facilities with advanced infrastructure. Commenting on the development, Sudarshan Lodha, Cofounder & CEO, Strata, said, “We are super thrilled to announce the launch of our first warehousing investment opportunity in Bengaluru. The pandemic triggered a boost in e-commerce and the growing demand to expand and upgrade to state-of-the-art facilities has spurred up the demand for organized industrial and warehousing, owing to which Bengaluru especially has become an attractive investment destination. Located in the emerging industrial hub of Hoskute, a potential manufacturing center, our latest asset offers an extremely lucrative investment opportunity for our investors. At Strata, a customer-centric approach and the constant pursuit of launching high-yielding assets, packaged with the ease of technology have been the elemental principles of growth and we have lived up to our promise over the past 3 years by delivering 18 premium assets.” Strata was the first proptech platform in the country to offer warehouse investment assets through a fractional route and raised Rs. 140 crore for a consortium of three grade-A warehousing asset opportunities amid the Covid-19 pandemic in September 2020.
Tags : Strata Warehouse Asset Bengaluru India Commercial Real Estate Sudarshan Lodha Cofounder & CEO Strata