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Strata Buys Cafe Coffee Day HQ in Bengaluru: Strata, a platform for investing in commercial real estate, has just acquired the Cafe Coffee Day headquarters on Vittal Mallya Road in Bangalore, as revealed on February 5. This deal adds over Rs 410 crore to Strata’s total transactions in Karnataka.
Strata Buys Cafe Coffee Day HQ in Bengaluru
The newly acquired space covers a massive 1 lakh sq ft in total, with each floor measuring around 9,000 sq ft. This marks Strata’s seventh asset in Bengaluru, making them a notable player in the city’s real estate scene.
According to Sudarshan Lodha, Co-founder and CEO of Strata, this property is iconic in Bangalore. He mentioned that this acquisition not only enhances their portfolio with an impressive structure but also signifies their commitment to managing top-notch assets and ensuring good returns for investors.
Currently, Strata manages 34 assets throughout India, totaling over 3.7 million sq ft in assets under management (AUM). Among their properties are high-quality office spaces located in Navi Mumbai, Pune, and Hyderabad.
In order to Strata Buys Cafe Coffee Day HQ in Bengaluru, This move by Strata showcases their strategic expansion in the real estate market and reinforces their dedication to delivering value to investors.
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