Project Neo - Investment/Core Asset Sale - ~1.05 Lakh Sft - CBD, Bangalore_Actifs en vente

Vittal Mallya Road, Bangalore, Karnataka, 560001, IN

Project Neo - Investment/Core Asset Sale - ~1.05 Lakh Sft - CBD, Bangalore

Description

JLL as advisor is pleased to present The Square located in Bangalore, Karnataka, India.

This is a unique opportunity to acquire a core asset within Bangalore's Central Business District (CBD), offering investors a strategic advantage with its prime location and high-grade specifications. With a 100% occupancy rate, the property's investment appeal is further reinforced by its robust Net Operating Income (NOI) of INR 233 million and an impressive Weighted Average Unexpired Lease Term (WAULT) of ~8 years.

Completed in 2008, this substantial office asset spans a building area of 110,648 sq. ft. on a land area of 50,825 sq. ft., reflecting its prominence in the heart of Bengaluru's thriving commercial environment. The property's fully leased status and Grade A quality make it an attractive investment with immediate cash flow benefits.

Bangalore, known as India's Silicon Valley, stands as a beacon for technology and business. Recent infrastructure enhancements and close proximity to major transport hubs increase its investment allure. This enviable position within the CBD ensures sustained demand and capital appreciation.

Given the solid market fundamentals and consistent returns, "The Square" offers long-term growth potential and stability. Investors can anticipate both cash flow resilience and enhanced value, making this a compelling addition to any institutional portfolio.

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Caractéristiques de l'actif

Surface de l'actif Net

10 280 m²

Occupation

100 %

Année de construction

2008

Taille du terrain Brut

4 722 m²

WALT

8 années

Revenu net

2 176 000 €

Média

Points clés d'investissement

Strategic Location - Positioned in Bangalore's most sought-after CBD micro-market with immediate proximity to the iconic UB City mixed-use development and JW Marriott, offering unparalleled connectivity and prestige.

Stable Income Generation -
The asset is fully leased to Table Space, with a Weighted Average Lease Expiry (WALE) of approximately 8 years for the anchor tenant.
Net Operating Income of INR 233 Mn, highlighting an excellent cash flow opportunity.

100% Occupancy with renowned tenant, ensuring stable rental income from day one.
The property benefits from cross-sector sub-tenant diversification,
WAULT of 8 years provides long-term lease security and reduces turnover risk.

Prime CBD location in Bangalore drives high demand in India's tech hub.
The asset offers upside rental growth opportunity through structured escalations built into contracted lease agreements, supported by strong CBD market fundamentals and limited upcoming supply pipeline.