Strata, a platform that enables investments in commercial projects, has raised ₹76 crore for a 39,000 square feet office asset in Navi Mumbai. The property has been pre-leased for 6.5 years and has a tenant lock-in period of 5.5 years. The committed cash flows from the tenants ensure investors a gross entry yield of 9.1 per cent with a targeted internal rate of return of 12.7 per cent, the company said.
Strata raises ₹76 cr for office asset in Navi Mumbai
Published on
January 24, 2023 06:16
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