Strata Raises Rs 140 Crore To Invest In Three Warehousing Assets
Published on 3rd Sept, 2020 | 1 min read
MUMBAI: SAIF Partners-backed Strata, a tech-enabled fractional investment platform for commercial real estate, has raised Rs 140 crore from investors to jointly buy three preleased warehouses amid the ongoing Covid-19 pandemic. These three assets, to be owned fractionally by investors, collectively account for 0.7 million sq ft warehousing space. Of these, Strata Avigna Warehousing I & II located in Hosur received 100% commitment from investors within 42 days of its launch, while the pharmaceutical warehousing asset in Bengaluru was closed in just 7 days. “Avigna is planning on developing multiple industrial and warehousing projects spread over 9 Million sqft in the next five years across 7 cities such as Bangalore, Chennai, Hyderabad, etc. We look to strengthening our association with Strata with new projects on the horizon,” said Abhijit Verma, CEO, Avigna Space Industrial & Logistics Park. Minimum investments for these preleased assets ranged between Rs 25 lakh and Rs 50 lakh and the same can be liquidated anytime, while rentals can be received from the first month of investment.
