French MNC OpportunityAndheri, (Mumbai)
Minimum Investment₹ 25.00 L
Expected IRR16.33%
Entry Rental Yield10.04%
Asset Value₹ 17.61 Cr
Fully Funded
100% Funded
Reason For InvestingAndheri enjoys excellent connectivity and is well connected to the other parts of city via rail, bus metro facilitating access to other commercial hubs. It attracts tenants from all sectors due to quality of office spaces.Andheri enjoys excellent connectivity and is well connected to the other parts of city via rail, bus metro facilitating access to other commercial hubs. It attracts tenants from all sectors due to quality of office spaces.
Location
LocationInfrastructure
InfrastructureAbout The Property
An excellent opportunity that features a French multinational brand 'Mane' as a tenant, occupying the space since 2016. The asset features an office space and a research lab that caters to prominent FMCG players like Unilever, P&G and more. Their infrastructure gives an obvious indication of the stickiness of the tenant. Mane, a global leader of the Fragrance and Flavour sector, is headquartered in France with a 1.6 billion dollar turnover as of 2020.The asset is in a commercial building, Imperium located in Andheri, near the metro and airport.The entry yield for this property is 10.04% annually, and the targeted IRR is 16.33%. The lease agreement term is for five years and the lock-in period is for three years.
Location ProximityAndheri enjoys excellent connectivity and is well connected to the other parts of city via rail, bus metro facilitating access to other commercial hubs. It attracts tenants from all sectors due to quality of office spaces.
Tenant InformationManeMane is one of the world wide leaders of Fragrance and Flavour industry headquartered in France. With over 150 years of experience, Mane is present in more than 39 countries around the world with 27 manufacturing sites and over 50 R&D centeres. Mane has registered 15.4% average yearly growth since 2009. First company in F&F inductry to develop a proprietary green chemistry rating method for its ingredients.
Lease Start DateJuly 2021
Lock-in Period3Years
Lease End DateJuly 2026
Security Deposit₹ 86,63,970
Area17,422 sq ft
RentINR 71 psq ft pm
Escalation4%
FitoutsDone by Tenant
Lease Period5 Years
Building Amenities
Car Parking
High Speed Elevators
CCTV Cameras
Restaurants
Power Backup
Cost Breakup