Vaishnavi Tech Park Opportunity
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We are offering an opportunity to co-own a 36,230 sq. ft. of A+ Grade office space that is strategically situated in Outer Ring Road Sarjapur, the largest IT Corridor of Bangalore. The proposed office space spans the entire 4th floor of the newly constructed “South Tower” and is leased to an institutional grade tenant. This is a unique opportunity to participate in the “hub & spoke” trend that has become increasingly popular with enterprise tenants in the backdrop of the pandemic.
Strong market fundamentals: Vaishnavi Tech park is located strategically at the intersection of Outer Ring Road (ORR) and Sarjapur Micro Market. ORR is the largest IT corridor of Bangalore whilst the Sarjapur Micro Market has a 0% vacancy rate.
Current & Upcoming Infrastructure:With proximity to 2 upcoming metro stations and the Outer Ring Road, the development has excellent connectivity.
Stellar tenancy profile:Some of the prominent tenants in the vicinity include, Microsoft, Goldman Sachs, Intel, HCL, Accenture, Genpact.
Vaishnavi Tech Park
A+ Grade Building: As a testament to the quality of the asset, the building has been designed for IGBC Platinum rating.
Strong Demand:Despite Covid, the building has been entirely leased to the leading managed leasing operator and has further been subleased to various MNC and Blue Chip tenants.
New Building:The tower has been newly constructed with state-of-the-art construction technology to deliver superior quality.
Connectivity: The development is situated ~350m from the closest upcoming metro station and ~300m from the outer ring road.
Vacancy Risk Mitigation: Dual protection from managed leasing operator, Smartworks and sub-tenant, Groww.
High Stickiness:Smartworks has tenanted the entire building of ~4,00,000+ SF. Having invested high marketing costs, tenancy expenses, building upgradation capex, and furnishing capex, the tenant is highly sticky to the building.
Superior Asset Upkeep:Value add facilities, workplace digitisation, and professional building management is provided by Smartworks.
Smartworks is India’s largest and profitable provider of agile workspaces, serving 500+ enterprise customers including Microsoft, Amazon Web Services, Samsung, Tata, EY amongst others. Smartworks is the market leader in India focusing on large enterprise clientele with a bespoke, tech enabled proposition. Hurun India has named Smartworks to its future unicorn list 2021.
Area Under Management
Revenue Growth (2020-2021)
Keppel Land, Singapore
36,230 Sq. Ft
15% every 3 years
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Outer Ring Road
Bellandur Metro Station
Ibbalur Metro Station