Strata Sells Bengaluru Industrial Asset for ₹35.3 Cr, Doubles Investor Capital
Key Highlights
Strata successfully divested a Bengaluru industrial property for ₹35.3 crore, delivering a 15.3% IRR and doubling investor capital. The leased asset was acquired in 2021.
Strata has announced the successful sale of an industrial property located in Bengaluru for Rs 35.3 crore. This transaction resulted in an Internal Rate of Return (IRR) of 15.3% for investors, effectively doubling their initial capital investment.
The asset, which was fully leased, was originally acquired by Strata in 2021. It served as a facility for Randox Laboratories, a company specializing in global diagnostics. This marks Strata’s third notable exit from its investment portfolio, further underscoring its capability to generate significant returns for investors within the commercial real estate market.