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.
Kensington, Powai, Mumbai |
Candor TechSpace G2, Gurugram |
Candor TechSpace N1, Noida |
Candor TechSpace K1, Kolkata |
Consolidated Brookfield India REIT |
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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 |
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.