Logix TechnoPark: Four Grade ‘A’ Office Towers in Noida, NCR, India
Placement Agent
Co-Sponsor
Co-Sponsor
Highlights
Acquisition-49% Interest; Placement-US$ 202.25 million
Total Equity Capitalisation: US$ 29.25 million.
Targeted Return on Investors’ Equity: 21% per annum.
Expected Average Coupon: 8% per annum.
Hold Period: 3 Years.
Downside Protection of 14% per annum to Investors through a Put Option.
Property Description, Location and Tenancy
Logix TechnoPark, a Certified Information Technology Park under the Industrial Park Scheme, spans a gross leasable area of 461,120 square feet. It is located in Sector 127 along the Greater Noida Expressway in Noida – one of the fastest growing markets for IT/ITES office space in India. A new international airport has been approved by the Indian Government to be built in Greater Noida.
The newly built property is 100% occupied with current office rentals at a 40% discount to the market rentals. Major tenants include Oracle, Mentor Graphics, Safenet Info tech, Conexant Systems and NEC HCL Systems.
For further information,
please contact the Real Estate Department at +973 17-549-494.
TAIB Bank is the Principal
Founding Shareholder of Acacia, a real estate investment
company that focuses on income producing properties and select
development projects in the U.S., Europe, as well as Turkey, India, the GCC Countries and
other emerging markets. For more information, contact (+973) 17-549-392.
