Commercial RE investment - Shopping Mall

Posted On: 29 / May / 2021
1 722

Deal Details

Annual

Deal Type

Sell (Strategic Investors)
Maximum Loan

Industry

Fast Moving Consumer Products - FMCG
Charge

Deal Status

Active

Deal Description

One of the best shopping malls in Chennai. Situated near the IT corridor. Only Mall in 25 Km radius. Asset held in a PVT Ltd company.100 + tenants. Anchor tenants on long leases 12 + years. Potential to add Residential development or Co-living spaces on site. No new mall licences to be granted in this area at least for another 5 to 7 years. 2022 income level is expected to get back to expected levels of INR 5 Cr pm (60 Cr pa) from the  current Covid rent (reduced) level of 3 Cr pm. 4 acres of land with 5.2 lakh sq ft of leasable area. About 2000 parking spaces (car + bike). March 2019 practical completion of the building. Purpose-built building. Guide price INR 754 Cr. Please note the owners want to know the profile of any potential buyer before they will commit on a mandate with us. Happy to provide any clarifications.  Kindly speaks to the REITS and others who might be interested and let me have a feedback.

No Files Attached

Deal Value
754 Crore
Targeted Region
Americas

Revenue

2019-20
Undisclosed
2020-21
Undisclosed
2021-22
Undisclosed