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PropCrown Global LLP, Suncity Success Tower-B Golf Course Ext Rd, Sector 65, Gurugram, Haryana 122005
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Magarpatta Cybercity - 1
Hadapsar, Pune 23,400 sq.ft.
Rs. 25 Lacs
Min Investment
8.8%
Average Rental Yield
18.5%
Target IRR
Bentley Systems
Tenant
01.02.2017
Lease Start
14.12.2021
Lease Lock-in Period
14.12.2025
Lease End
Overview
MYRE Capital is offering an opportunity to co-own a 23,400 sq. ft. office space in Magarpatta Cybercity. Magarpatta Cybercity is a prominent A-grade development located in the SBD East micro-market of Pune. The proposed office space spans the entire A wing of the 6th floor of tower 12 and is leased to an A-grade MNC IT tenant, Bentley Systems. MYRE Capital has completed the acquisition for an all-in cost of INR 24,90,00,000.
Location
Magarpatta City is a self-sufficient 450 acre, privately owned integrated township. The gated township contains commercial zones, residential housing, schools, hospitals, shopping malls, hotels, restaurants, and numerous recreational facilities. The township was planned and developed with an idea of ‘walk to work’. This culture has become increasingly popular in the backdrop of the pandemic and is now a preferred choice for many tenants.
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Airport
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Airport
11 Kms
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Railway Station
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Railway Station
9.1 Kms
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Shopping Center
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Amanora Mall
1 Kms
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Seasons Mall
1 Kms
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Hospital
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Poonawalla Memorial Hospital
2.1 Kms
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Tenant Overview
Bentley Systems is an American-based software development company that develops, manufactures, licenses, sells and supports computer software and services for the design, construction, and operation of infrastructure. Bentley Systems launched their IPO with the US SEC on 21st August 2020 at an anticipated $17-$19 per share. The share price has increased significantly since, recently trading in the range of $37-$40.
Lease Structure
The lease starts in Feb 2017 and ends in Dec 2025, with a 5-year lock-in period and 9 year Lease
01.02.2017
Lease Start
14.12.2021
Lock-in Period
14.12.2025
Lease End Date
- 7m sq. ft. of A-grade office space: Cybercity is a A-grade office development that is strategically situated at the heart of the Magarpatta city township.Cybercity contains SEZ, IT, and Commercial buildings.
- 100% occupied:Despite the pandemic, Magarpatta Cybercity has maintained one of the lowest vacancy rates. The IT towers currently have a vacancy rate of only 1.3% and our building has a 0% vacancy rate.
- High performing asset: The A-grade development has experienced consistent capital appreciation year on year. It is a globally renowned IT and SEZ hub for MNC tenants such as Amdocs, Accenture, Avaya, RedHat, Infosys, Eaton, BNY Mellon.
1 What is Fractional ownership ?
Fractional ownership in real estate is a term used to describe when a number of investors join together to invest in a real estate asset so that all of them can benefit from a share of the income that the asset generates, and any appreciation in the value of the property.
2 Explore pre-screened Investment Opportunities.
Access to high-quality assets with ticket size of ₹25 lakhs
3 Complete KYC with Myre Capital
KYC check is the mandatory process of identifying and verifying the client's identity when making investment. In other words, KYC makes sure clients are genuinely who they claim to be.
4 Earn
Start receiving rentals on your investments every month
5 Track
Track your portfolio performance from anywhere through Myre Capital Dashboard
6 Sell
Sell your Share of Investment.
