Commercial real estate investment platform Strata has acquired Cafe Coffee Day headquarters located at Bangalore’s prime Vittal Mallya Road, the company announced on February 5. With this property, Strata’s Karnataka asset transaction value crosses Rs 410 crore.
The space has a total built-up area of over 1 lakh sq ft, and each floor measures approximately 9,000 sq ft. The CCD Square Property is Strata’s seventh asset in Bengaluru.
"The asset is an icon among the notable properties in Bangalore. This acquisition marks not just the addition of a remarkable structure to our portfolio, but a significant step towards our unwavering commitment to build and manage superior assets and deliver promising returns to our Investors," Sudarshan Lodha, Co-founder and CEO of Strata said.
Strata has 34 assets under its portfolio all across India with assets under management (AUM) spanning over 3.7 million sq ft. Some of Strata’s properties include premium office spaces across Navi Mumbai, Pune, and Hyderabad.
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