Edelweiss Alternatives brings alternative investments on top
of its Rental Yield Plus (RYP) Fund, which now has a larger representation of
commercial real estate representation. These most recent acquisitions include
the MMTP Projects in Bengaluru for over Rs 1,500 crore, adding a strategic 1.1
million square feet of prime office space.
This further shores up the RYP Fund’s massive GLA, which adds
up to a substantial 1.8 million square feet across both Bengaluru and Gurugram.
With the addition of the fund, its holdings also grew in value to over Rs 2,500
crore. This indicates the strong growth trajectory of the fund.
Edelweiss Alternative is bullish about Indian commercial
real estate, particularly the Grade A/A+ office spaces. Head of Real Assets
Strategy at the company, Subahoo Chordia, thinks that the segment might go past
1 billion square feet in the coming years. Accordingly, this result will
stimulate a great investment opportunity of about USD 84 billion.
Chordia's optimism is based on the fact that more and more
commercial offices come from a variety of industries, including manufacturing,
finance, banking, lifestyle brands, consumer goods companies, car makers,
technology firms, co-working servants, and consulting firms. Diversified
tenants are somewhat of a trend, and MMTP’s property is no exception to it.
Edelweiss Alternatives is one of the leading players in the
alternative investment space, currently having a total asset under management
portfolio valuation of approximately USD 6.3 billion (equivalent to Rs 52,100
crore) as of December 2023. The company's expertise is diverse, covering
different alternative investment classes, and its entrance into commercial real
estate, a thriving market, focuses its attention on capitalizing on lucrative
markets.
Obtaining the MMTP Projects imparts for Edelweiss
Alternatives the convictions about the Indian commercial office market success.
Through our facility presence in key cities such as Bengaluru and Gurugram, we
stand ready to prosper with an anticipated rise in demand for Grade A/A+ office
space that will offer investors investments in high-end registry property.
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