Assetmonk, an alternative real estate investment platform, has acquired around 90,000 sq ft of office space in Tidel Park, a commercial office property in Taramani, Chennai, valued at around Rs.890 million. The acquired floor in 1.2 million sq ft IT park in Tidel Park hosts around 250 Fortune US conglomerates as its tenants, delivering an average rental yield exceeding 10.6 per cent. The asset was bought from a Mumbai-based seller and is targeting an IRR of 16.5 per cent over 5-6 years’ tenure. The firm has assets across Bengaluru, Chennai and Hyderabad.Contact: Assetmonk Website: www.assetmonk.com