AM Whitefield

Prime Tech Park Investment Opportunity in Bengaluru

Mature Commercial Asset, High Rentals, Stable Tenant, and Industry-best IRR

Starting Investment
Entry Yield 9% Target IRR 16.07% Multiplier 1.8
25 lakhs

ASSET OVERVIEW:
AM Whitefield, a part of a Grade A commercial building spanning 9 floors, presents a prime
investment opportunity on the 5th floor with a total development area of 32,300 sqft. Situated in
a well-established tech hub, this investment gem is home to a marquee tenant of over 5 years,
with a recently renewed lease in 2022 and thoughtfully designed interiors indicating a commitment to
stay. The strategic advantage of the newly started purple metro line connecting Bengaluru's western
suburb to the tech hub enhances the appeal of this location, preparing for a surge in property value.
Plus, with a negotiated price below the market value, AM Whitefield promises potential for significant
appreciations.

Project Information

Location Whitefield Type Commercial

Floor 5th Floor Area 32,300 sfqt

TENANT PROFILE
An American MNC headquartered in Michigan holding a distinguished track record in its
segment. The company has a spotlight clientele of 40+ Fortune 500 firms and strong financials
in FY22. With specialization in convergence of digital engineering, embeded systems, and
software technologies, the tenant has 50+ IP assets to its name, achieved by 1200 global engineers
across 10+ global offices.

SOME NOTABLE CLIENTS OF THE TENANT

DEVELOPER HIGHLIGHTS

Total Projects Notable Track Record FY22 Financial

Residential-43 INR 3066 cr revenue

Rich Legacy

Office Space-22 EBITDA INR 833 cr

Diverse Presence

Retail-4 Among Top 3 Builders Collections

In Bengaluru Collections INR 4083 cr

Hospitality-13 Well Established

CRE Portfolio

ASSET CASHFLOW SNAPSHOT

Projections for Individuals

Year 0 Year 1 Year 2 Year 3 Year 4 Year 5

Investment 25,00,000 - - - - -

Total Rent 1,75,045 1,78,171 1,87,548 1,98,645 2,08,577

Credit
Car Park Rent 7,742 7,935 8,332 8,535 8,535

Rental Topup 33,000 12,500 - - -

Interest on
9,282 9,282 9,282 9,282 9,282
deposits

Gross Yield 2,25,070 2,07,889 2,05,163 2,16,463 2,26,395

Management
-25,000 -25,000 -25,000 -25,000 -25,000
fee
Debit
Property tax
-7,460 -7,460 -7,460 -7,460 -7,460
& Others
Surplus
- - - - 1,323
Reserves
Returns
Sale
Proceeds - - - - 36,73,320
(incl deposits)

Net Cash Flow* -25,00,000 1,92,610 1,75,429 1,72,703 1,84,003 38,68,579

Note: Additional top up added for the first 2 years as a special offer for initial customers.
Property tax and other expenses were assumed to remain constant in the subsequent years.
In the cash flow projections, a 20% fee over a hurdle rate of 12% IRR will be applicable at the time of exit.

RENTAL YIELD GROWTH

Growth Yield
9.40%

9.20%

9.00%

8.80%

8.60%
9.06%
8.40%
9.00% 8.66%
8.20%
8.32% 8.21%
8.00%

7.80%

7.60%
Year 1 Year 2 Year 3 Year 4 Year 5

Rental top ups considered for year 1 and year 2 for early investors only.

FEES
1% asset management fee, 20% performance fee on the differential after crossing the Target/hurdle rate of 12%.

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