Our Portfolio

Unlocking our True Value

Our robust and stable pan-India portfolio of four exceptional campus-format office parks caters to global companies, well poised for growth. Located in India’s gateway cities and micro markets, these assets are easily accessible and offer contemporary architecture, open spaces and compelling amenities to provide a holistic experience to our blue-chip tenants and their employees.

With steady occupancy and increase in rental incomes, our assets have been reporting income growth, demonstrating operating resilience even through the pandemic. We expect further traction in demand for our properties due to revival in business sentiment and faster-than-expected return to workplace, besides increased vaccinations. The transforming business needs and trends are inspiring us to set new benchmarks in workspaces, while catering to all the needs and comforts of our tenants.

MARKET VALUE OF OUR PROPERTIES

A Glance at our Portfolio
Kensington,
Powai,
Mumbai
Candor
TechSpace G2,
Gurugram
Candor
TechSpace N1,
Noida
Candor
TechSpace K1,
Kolkata
Consolidated
Brookfield
India REIT
Type of Asset SEZ SEZ IT Park SEZ & Mixed Use
Total Area (acres) 9.0 28.5 19.3 48.4 105.1
Market Value (M) 25,807 44,189 20,687 25,916 116,599
Leasable Area (M sf) 1.5 4.0 2.8 5.7 14.0
Completed Area (M sf) 1.5 3.9 1.9 3.1 10.3
Under Constructions (M sf) - - 0.1 - 0.1
Future Development Area (M sf) - 0.1 0.9 2.7 3.7
Committed Occupancy (%) 82 81 71 88 82
Same-Store Committed Occupancy (%) 82 81 94 88 85
WALE (Years) 2.1 7.5 6.8 7.6 6.6
In-Place Rent basis LCD (per sf) 94.1 79.6 47.1 42.3 64.7
Market Rent (per sf) 136 114 48 41 83.5
Mark-to-Market potential (%) 45 43 2 (3) 29
Mapping Growth against ESG Goals

As a responsible corporate, we have embedded our guiding principles and ESG management approach into our goals to deliver positive environmental outcomes while generating strong risk-adjusted returns for our investors. Our initial portfolio has a future development potential of 3.7 million square feet. We continue to invest in enhancing the value of these properties and providing our tenants with a superior experience through upgrades at the existing and new tower developments. We have integrated our value enhancement efforts with our sustained focus on alleviating the impact of our business environment. Comprehensive waste and water management systems along with energy efficiency measures facilitating sustainable and responsible living are integral to our investments in our assets.

Aligning Assets with Evolving Needs
Lease Maturity Profile
Year-wise area expiry (M sf)
Kensington,
Powai,
Mumbai
Candor
TechSpace G2,
Gurugram
Candor
TechSpace N1,
Noida
Candor
TechSpace K1,
Kolkata
Consolidated
Brookfield
India REIT
2022 0.0 0.3 0.0 0.3 0.6
2023 0.4 0.1 0.0 0.1 0.6
2024 0.7 0.0 0.2 0.0 1.0
2025 0.1 0.2 0.3 0.0 0.6
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