Investment Thesis
Prime Location
The asset is located in Perungudi, the primary IT corridor of Chennai and among the most desired office locations in the city.
Grade-A Asset
The building, Prince Infocity-II is a grade-A office asset, built to global standards and home to several global technology companies.
Excellent Connectivity
The area has excellent connectivity to the rest of the city via road and rail, making it a location of choice for companies. The area will also be serviced by an upcoming metro line (expected in 2028).
Overview
This is an opportunity to invest in 34,900 sqft of Prince Infocity II, a Grade-A office space in Chennai, Tamil Nadu. The asset is is valued at ₹ 27 Cr and is leased to a US-based healthcare technology company.
The asset is located in a prime IT hub and has excellent potential for long-term value appreciation.
Location
The asset is located in Perungudi, in Chennai’s suburban south. The area is the primary IT corridor of Chennai and features several SEZs and tech parks. The area has excellent connectivity to the rest of the city via road and rail. The area will also be serviced by an upcoming metro line (expected in 2028).
- Airport Chennai International Airport - 16.7 Km
- Bus Stop Kandanchavadi - 0.3 Km
- MRTS Station Taramani - 3.2 Km
- Upcoming metro Kandanchavadi - 0.5 Km (expected)
Tenant Details (1)
The tenant is a US based technology company that provides healthcare billing, coding and customized analytics services to some of the USA’s largest healthcare organizations. In 2019, the company was acquired by Baring Private Equity Asia for $320 million. The company has been present in Chennai since inception and already occupies a floor in Prince Infocity II. The asset is a further expansion of its operations in India.
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Chennai Office Opportunity
- Perungudi, Chennai 34,900 sqft
- Min Investment
- Gross Entry Yield
- Target IRR
- Target Multiple
₹ 25 Lakhs
9.1%
12.9%
2.3X