Strata, India’s largest commercial real estate investment platform has acquired on its platform the prestigious 11-storey Café Coffee Day Square located at Bengaluru’s premium Vittal Mallya Road.
Strata, a leading fractional ownership platform in commercial properties, has signified the evolution of the real estate landscape by acquiring Cafe Coffee Day (CCD) Square, an iconic property located at Vittal Mallya Road in the heart of Bengaluru’s Central Business District, at a very amusing price of over 150 crores.
This acquisition marks a significant milestone for Strata. Café Coffee Day Square becomes the seventh asset under its ownership in Bengaluru, with a transaction value surpassing Rs 410 crore in Karnataka alone. Strata’s impressive portfolio, with over 34 assets worth over Rs 1,500 crores and regulating everything under the command of more than 100,000 staff and 3,000 investors, solidified its position as a key player in the commercial real estate sector.
Sudarshan Lodha, the co-founder and CEO of Strata, expressed his excitement about the acquisition, highlighting Café Coffee Day Square’s iconic status in Bengaluru’s real estate landscape. He positioned Strata as an industry leader by emphasizing the firm’s steady commitment to providing investors with lucrative opportunities and premium assets with attractive returns.
1. Prime Location: Café Coffee Day Square is situated in a very prime location connecting Vittal Mallya and Cunningham Road, which offers excellent connectivity and proximity to major business hubs, upscale neighborhoods, and entertainment venues, enhancing its allure and value.
2. Property Features: Highlighting CCD’s impressive 11 stories with a floor area of about 9,000 sq. ft. and a built-up area of approximately 100,000 square feet, Café Coffee Day Square is revolutionizing Bengaluru’s commercial real estate market, enabling investors to acquire pre-leased, A+ Grade commercial buildings such as office spaces, warehouses, and industrial assets with modern and spacious work environments.
3. Transaction Details: With significant funding from renowned investors like Kotak Investment Advisors, Gruhas Proptech, and Mayfield India, the acquisition demonstrates Strata’s investment strategy and faith in the Bengaluru commercial real estate market.
The anticipated outcome of the Café Coffee Day Square sale is an economic upturn in Bengaluru, characterized by job creation and the promotion of business growth within the area. Additionally, the transaction illustrates how the IT sector in Bengaluru and the presence of foreign corporations are driving up the city’s need for office accommodation.
Conclusion:
The acquisition of Café Coffee Day Square by Strata represents a significant shift in the commercial real estate sector. It showcases the revolutionary capacity of fractional ownership platforms to reinvent investment opportunities. Strata is revolutionizing the Indian commercial real estate industry with its astute acquisitions and exceptional asset management.
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By Proptechbuzz
By Ravi Kumar
