Strata, a fractional ownership platform in commercial properties, on Monday acquired iconic Café Coffee Day Square located at Vittal Mallya Road in Bengaluru for over Rs 150 crore.
The 11-storey Café Coffee Day Square has a built-up area of over 100,000 sq ft, and each floor measures nearly 9,000 sq ft. Strata allows investors to own pre-leased, Grade-A commercial properties like office spaces, warehouses, industrial assets, and so on.
With assets of over Rs 1,500 crore it has more than 100,000 members, and 3,000 investors. It is funded by marquee investors Kotak Investment Advisors, Gruhas Proptech, Elevation Capital, Mayfield India, and others.
The CCD Square Property is Strata’s seventh asset in Bengaluru. With this, Strata’s Karnataka asset transaction value crosses Rs 410 crore, it said.
Strata has 34 assets under its portfolio across India with AUM spanning over 3.7 million sq ft. Some of its marquee properties include office spaces across Navi Mumbai, Pune, and Hyderabad.
Sudarshan Lodha, co-founder and CEO, Strata, said, “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.”