By Team Homes | Tuesday, 06 February 2024

Strata Takes over Headquarters of Cafe Coffee Day in Bengaluru

Commercial real estate investment platform Strata has acquired 11-storey Cafe Coffee Day Square headquarters, which is located at Bangalore’s prime Vittal Mallya Road, the company announced on February 5. With this property, Strata’s Karnataka asset transaction value crosses Rs. 410 crore.  The CCD Square Property is Strata’s 7th asset in Bengaluru.

With this acquirement, the company’s Karnataka asset transaction value crosses Rs.410 crore, Strata said in a statement. Strata has 34 assets under its portfolio all across India with assets under management (AUM) spanning over 3.7 million sq. ft. Some of Strata’s properties include premium office spaces across Navi Mumbai, Pune, and Hyderabad.

The Café Coffee Day Square has a total built-up area of over 100,000 sq. ft., and each floor measures approximately 9,000 sq. ft. The property is surrounded by upscale malls, premium brand retail outlets, restaurants, transportation hubs, ATMs, and more.

Co-founder & CEO, Strata, Sudarshan Lodha, stated, “We are thrilled to unveil the CCD Square, a grade-one commercial property that embodies our commitment to excellence and innovation. The asset is an icon among the notable properties in Bengaluru. This acquisition marks not just the addition of a remarkable structure to our portfolio, but a significant step towards our unwavering commitment to build and manage superior assets and deliver promising returns to our investors.”

Strata has 34 assets under its portfolio all across India with assets under management (AUM) spanning over 3.7 million sq ft. Some of Strata’s properties include premium office spaces across Navi Mumbai, Pune, and Hyderabad.