NovoNordisk_CushmanWakefield_RPF_FINAL

37 Novo Nordisk | Cushman & Wakefield

This is an established micro market with total inventory of 2.7M sqm. Continued deferrment of expansion plans by Occupiers may lead to softening of rentals in the short-medium term making the market favourable for consolidation opportunities. Old and inefficient standalone building with aging Infrastructure (MEP), no amenities and ingress / egress challenges There is an opportunity for conslidation to achieve operational efficiency. LEASE OVERVIEW SUBMARKET OVERVIEW MARKET OVERVIEW Landlord: Featherlite Group Submarket Name: Peripehral East - Whitefield Market Name: Bengaluru / Bangalore Lease Expiration: 31/08/2022 Submarket Rent: 592 - 753 INR per sqm monthly Annual Market Rent: 882 INR per sqm monthly Client Occupied Area: 1,215 sqm Annual Rent Growth: 0 Annual Rent Growth: 0 Asset Type: Office Vacancy Rate: 0 Vacancy Rate: 0 Class: A Inventory Area: 418,691 sqm Inventory Area: 874,766 sqm Lease out of lock in obligation Under Construction: 692,523 sqm Under Construction: 3.6M sqm

MARKET INSIGHTS

Broker Opinion of Rent: 516 - 592 INR per sqm monthly NNN Current Rent is below market

GF, Prestige Featherlite Tech Park, 2nd Phase, EPIP Area, Whitefield | Bengaluru, Karnataka India