Commercial real estate investment platform Strata has announced its exit from the industrial asset in the KIADB Industrial Area of Bommasandra in South Bengaluru. In a press release, Strata said that it has exited the asset for a value of Rs 35.3 crore.

The exit delivered an internal rate of return (IRR) of approximately 15.3 per cent, the company said. This surpasses the initial target of 14.2 per cent.

Strata said that the IRR of more than 15 per cent has enabled investors to nearly double their investment, including rental distributions over a holding period of about five years.

The company had acquired the asset originally in 2021 for an amount of Rs 25.9 crore through a sale-and-leaseback transaction with Randox Laboratories. The property remained fully leased and operational throughout the investment period.

Sudarshan Lodha, co-founder and CEO, Strata, said that the exit reflects Strata's ability to execute institutional-grade industrial investments with global occupiers, while delivering superior returns to investors.

"Our focus remains on disciplined execution, investing in income-generating assets with long-term leases and institutional tenants across office, healthcare, and industrial segments," Lodha said.

The property was developed on a freehold land parcel of approximately 92,789.5 sq ft, with a total leasable area of 40,014.8 sq ft.

The property had two built-to-suit buildings: 1. 25,009 sq ft unit housing manufacturing, cold storage and integrated office space. 2. 15,005 sq ft unit comprising a room-temperature warehouse with additional cold storage.

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