• We have been instrumental in executing India’s first completed acquisition of a high-quality rent-yielding commercial asset under the insolvency law (IBC) / Court (NCLT) approval
• Grade ‘A’ Office building called ‘Prius Platinum’ located at Saket District Centre, South Delhi in the National Capital Region (NCR)
• BUA Area: ~0.4 million sq. ft., Gross Asset Value = ~INR 600 crores
• Excellent Location: Co-located with best-in-class social infrastructure including DLF Select CityWalk, DLF Avenue Mall, ITC Sheraton Hotel, Hilton Garden Inn, and Svelte Hotel etc.
• Illustrious tenant roll including MNCs and top tier Indian corporates
• Marquee Partners & Investors, Ultimate investors include Sovereign Wealth Funds
• Completed asset with no development risks; Substantially leased-out
• Attractive Entry price & Yield
• End to end management for the transaction:
- Deal origination
- Fund-raise
- Deal execution under Insolvency law/Court
- Post-investment asset management
• Successful Turnaround post-investment:
- Occupancy increased to to 3X of starting levels
- Returned ~68% of the original Capital in <~2.4 years while continuing to hold 100% of the asset
- Operational turnaround of the asset including overhaul of the ESG parameters
