NovoNordisk_CushmanWakefield_RPF_FINAL

45

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. Standalone Building with no Amenities Ingress / Egress challenges There is an opportunity for conslidation to achieve operational efficiency. LEASE OVERVIEW SUBMARKET OVERVIEW MARKET OVERVIEW Landlord: Salarpuria Sattva Submarket Name: Peripehral East - Whitefield Market Name: Bengaluru / Bangalore Lease Expiration: 30/09/2023 Submarket Rent: 592 - 753 INR per sqm monthly Annual Market Rent: 882 INR per sqm monthly Client Occupied Area: 2,164 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 Lock in period expires in Q3, 2021 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

6th Floor, Mind Comp Tech Park, 149, Shivaji Nagar, Basavanna Nagar, Whitefield | Bengaluru, Karnataka India

Novo Nordisk | Cushman & Wakefield

Made with FlippingBook - Online catalogs