Assetmonk acquires 90,000 sq ft commercial space in Tidel Park
Real Estate

Assetmonk acquires 90,000 sq ft commercial space in Tidel Park

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 Fortun...

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

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Hafele opens new design studio in Tirupati

Hafele has opened a new franchise showroom in Tirupati, Andhra Pradesh, in partnership with WDA Design Studio Private Limited. Located on Upparpalli Main Road, the showroom showcases the brand’s full range of premium interior solutions.Graced by Ms. Padma Gupta, Director – HR & Customer Experience at Hafele South Asia, and directors of WDA Design Studio, the launch highlights Hafele’s focus on growing its presence in South India. The studio is designed as an automation-ready, one-stop solution for modern interiors, offering an immersive layout with realistic and futuristic displays.V..

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