Terra Investment

Navi Mumbai Office Opportunity I

admin — Thu, 18 Jul 2024 05:42:38 +0000

Investment Thesis

World-class Asset
Seawoods Grand Central is India’s largest transit oriented development featuring Grade-A offices, retail space, residencies, and an integrated railway station. The building is built to international standards and commands a premium.

Tier-I tenant
The tenant is a 140-year old German enterprise with a major presence in industrial adhesives, home care and beauty products. Since asset serves as the company’s India Head-Quarters, the tenant has made significant investments into the property and is unlikely to leave for the forseable future.

Excellent Location
Navi Mumbai is a fast growing office mirco-market thanks to it robust social infrastructure and favorable leasing costs (compared to Mumbai). With a slew of upcoming infrastructure developments, the area has a strong potential for value appreciation.

Overview

This is an opportunity to invest in 35,998 sqft of office space in L&T Seawoods Grand Central, Navi Mumbai. The asset is a world-class commercial property with an integrated mall, residencies, and suburban railway station. The tenant is a 140-year old German industrial and consumer company.

With long lease terms, lucrative yields and a strong potential for capital appreciation, the asset is an ideal long-term investment.

Location

The asset is located in Seawoods, an upscale part of Navi Mumbai. The property is well connected to the rest of the Mumbai Metropolitan Region by road, rail, and water services. With the upcoming Navi Mumbai airport, metro, and trans-harbour sea link, the area is bound to see greater value appreciation.

Airport Mumbai International Airport - 35 Km Navi Mumbai International Airport (upcoming) - 7 Km
Water Taxi Seawoods Water Taxi Terminal - 4 km
Rail/Metro Seawoods - Darave station - 0 km (integrated) Belapur CBD Metro (upcoming) - 3 Km
Key Roads Mumbai-Pune Expressway - 1.5 Km Vashi Bridge - 10 Km Trans-harbour Sealink (upcoming) - 10 Km

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.

Lease Start Date : January 2022 - 3 Lease End Date January 2027

Lock-in End Date May 2025 50%

Navi Mumbai Office Opportunity I

₹ 25 Lakhs

9.3%

13.2%

1.9X

₹ 48,90,00,000

₹ 48,90,00,000 99%

Pune Growth Opportunity I

admin — Thu, 18 Jul 2024 05:20:34 +0000

Investment Thesis

Excellent Location
The asset is located in Hinjewadi, a major IT hub in Pune and home to a large number of established MNCs and Indian technology giants.

Upcoming Infrastructure
The asset lies in close proximity to an upcoming metro line and Pune-Mumbai expressway. These infrastructure improvements are likely to increase asset valuations significantly.

Overview

This is an opportunity to invest in an industrial land spanning ~5.14 acres with the construction potential 2,24,000 sqft with an investment tenure of 12 to 18 months and a targeted IRR of 18-20%.

Location

The asset is located in Phase II of Hinjewadi, a major technology & manufacturing hub in Pune. The upcoming metro line (expected in 2026) and the Mumbai-Bengaluru Expressway (expected in 2028) have led to increased commercial interest in the area. The asset is among the very few parcels of land in the area available for development.

Tenant Details (1)

Lease Start Date : January 2022 - 3 Lease End Date January 2027

Lock-in End Date May 2025 50%

Pune Growth Opportunity I

₹ 35 Lakhs

18-20%

1.2X

₹ 45,50,00,000

₹ 45,50,00,000 99%

Chennai Office Opportunity

admin — Thu, 18 Jul 2024 05:09:37 +0000

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).

Tenant Details (1)

Lease Start Date : January 2022 - 3 Lease End Date January 2027

Lock-in End Date May 2025 50%

Chennai Office Opportunity

₹ 25 Lakhs

9.1%

12.9%

2.3X

₹ 27,15,00,000

₹ 27,15,00,000 99%

KT Office Opportunity

admin — Thu, 18 Jul 2024 04:58:42 +0000

Overview

This is an opportunity to invest in a brand new, Grade-A Office asset located in Mahadevpura, Bengaluru. The tenant is an international sportswear brand. Lease of 15 years and Lock-in period of 5 years.

With high yields, long lease terms, excellent location, and a world class tenant. The asset makes for a compelling investment opportunity.

Location

The asset is located in Mahadevpura, just off the Outer Ring Road (ORR), and the ITPL main road. Thanks to the proximity of major roads, the asset has excellent connectivity to the rest of Bengaluru.

The upcoming Mahadevapura metro station is within walking distance of the asset and is expected to be completed in 2023. The metro line will significantly reduce commuting times to the asset, making it more attractive to tenants.

The area is home to several MNCs including Accenture, Amazon, Hewlett Packard, Dell, EY, Capgemini, etc.

KT Office Opportunity

₹ 30 Lakhs

9.2%

13.05%

3.97X

₹ 58,75,00,000

₹ 58,75,00,000 99%

WS Retail Opportunity

admin — Mon, 15 Jul 2024 09:21:31 +0000

Overview

This is an opportunity to invest in an upcoming retail space in Chennai, Tamil Nadu. The plot spans 14,400 sq ft and the total built-up area is 21,000 sq ft. The property is leased to a leading apparel brand.

With a long lease tenure and excellent growth prospects, the asset is a lucrative investment opportunity.

Location

The asset is located in Ambattur, at a junction of the Chennai-Thiruvallur High road. The road is a key route connecting the northwestern suburbs of the city. The asset benefits from its close proximity to a bus stand and railway station.

The area is a major retail hub for the surrounding residential areas and is host to a wide variety of clothing, lifestyle, and appliance stores.

WS Retail Opportunity

₹ 25 Lakhs

10.6%

12.97%

2.1X

₹ 32,50,00,000

₹ 32,50,00,000 99%

Industrial Opportunity II

admin — Mon, 15 Jul 2024 05:10:46 +0000

Overview

This is an opportunity to invest in a Grade-A industrial space located in Hosur, Tamil Nadu. The asset is part of the Avigna Industrial park and is leased to a leading manufacturer of toys of plastic components.

Location

The asset is in the industrial town of Hosur, Tamilnadu, and lies next to a state highway. Both Bengaluru and Chennai are easily accessible and the area has excellent multi-modal transport options.

The vicinity is occupied by several major manufacturing, production, and storage facilities of Wakefit, Tata Electronics, The Aditya Birla Group, TVS, Flipkart, Amazon, Titan, Nike, Ashok Leyland, DHL, among others.

Industrial Opportunity II

₹ 25 Lakhs

10%

13%

2.6X

₹ 58,50,00,000

₹ 58,50,00,000 99%

Jaipur Opportunity

admin — Mon, 15 Jul 2024 04:53:20 +0000

Overview

This is an opportunity to invest in a Grade-A industrial space located in Jaipur, Rajasthan. The asset is part of Mahindra World City, a major technology and industrial hub. The tenant is a leading manufacturer of components and accessories for the heavy vehicles and engineering industries.

Location

The asset is located inside Mahindra World City in Jaipur, Rajasthan. More than 90 industrial and technology companies are located inside the world city, including JCB, Gaston Energy, ASI Industries, Infosys, Perto, SIAC, Fackelmann, Delhivery, and Flipkart.

The asset is located close to the NH48/Delhi-Ajmer Expressway (part of the Golden Quadrilateral) and near the Jaipur ring road. This gives it excellent connectivity to both Jaipur and major cities in the region.

Floor Plan

The structure is a Pre-Engineered Building (PEB) with access to industrial power and is built to meet global manufacturing standards.

Total Opportunity Space

88,000 sqft

FAQ

What are the growth prospects for Jaipur?

Industrial Opportunity IV

admin — Mon, 15 Jul 2024 04:25:00 +0000

Overview

This is an opportunity to invest in a Grade-A industrial space located in Hosur, Tamil Nadu. The asset is part of Avigna Industrial Warehousing park and is leased to a leading manufacturer of toys and plastic components.

Location

The asset is in the industrial town of Hosur, Tamil Nadu, and lies next to a state highway. Both Bengaluru and Chennai are easily accessible and the area has excellent multi-modal transport options.

The vicinity is occupied by several major manufacturing, production, and storage facilities of companies such as Wakefit, Tata Electronics, The Aditya Birla Group, TVS, Flipkart, Amazon, Titan, Nike, Ashok Leyland, DHL, among others.

Tenant Details

The tenant is a leading player in the Indian toy manufacturing sector and also caters to various industries for plastic components. With four manufacturing facilities located in and around Bengaluru, this latest addition to its plants will add to its business and growth. The company is heavily export focused, with over 70% of revenue coming from exports.

Lease Start Date February 2023 - Lease End Date March 2032

Lock-in End Date March 2030 50%

Industrial Opportunity IV

₹25 Lakhs

10%

13%

2.6x

₹ 33,60,00,000

₹ 33,60,00,000 99%

Industrial Opportunity III

admin — Mon, 15 Jul 2024 04:19:41 +0000

Overview

Location

The asset is in the industrial town of Hosur, Tamilnadu, and lies next to a state highway. Both Bengaluru and Chennai are easily accessible and the area has excellent multi-modal transport options.

Industrial Opportunity III

₹25 Lakhs

10%

13%

2.6x

₹ 55,10,00,000

₹ 55,10,00,000 99%

Industrial Opportunity I

admin — Mon, 15 Jul 2024 04:00:00 +0000

Overview

This is an opportunity to invest in a Grade-A industrial space located inside Avigna Logistics & Industrial Park in Hosur, Tamil Nadu.

Location

The asset is located in the industrial town of Hosur, Tamil Nadu and lies next to a state highway. Both Bengaluru and Chennai are easily accessible and the area has excellent multi-modal transport options.

Industrial Opportunity I

₹25 Lakhs

9.4%

12.1%

2.5x

₹ 64,10,00,000

₹ 64,10,00,000 99%