Strata, a tech-enabled commercial real estate investment platform, closed the last quarter with the successful sale and exit of its industrial asset in Bommasandra, South Bengaluru, at a transaction value of ₹35.3 crore. The exit delivered an IRR of approximately 15.3%, surpassing the initial target of 14.2%, and enabled investors to nearly double their investment including rental distributions over a holding period of about five years.
The asset was originally acquired in 2021 for ₹25.9 crore through a sale-and-leaseback transaction with Randox Laboratories. It remained fully leased and operational throughout the investment period.
Located within the KIADB Industrial Area in Bommasandra, the facility is developed on a freehold land parcel of approximately 92,789.5 sq ft, with a total built-up and leasable area of about 40,014.8 sq ft. The asset comprises two built-to-suit buildings: a ~25,009 sq ft unit housing manufacturing, cold storage and integrated office space, and a ~15,005 sq ft unit comprising a room-temperature warehouse with additional cold storage.
The facility is strategically situated in one of Bengaluru’s most established industrial corridors, with strong infrastructure connectivity: 5 km from NH 44, 3 km from SH 87, and 5 km from the upcoming Bommasandra Metro Station, with access to Hosur Aerodrome (29 km) and Kempegowda International Airport (67 km). The Bommasandra–Hosur belt has emerged as a key life sciences and manufacturing corridor, supported by KIADB industrial zoning, highways, metro connectivity, and proximity to Electronic City.
Randox Laboratories, the tenant, is a global leader in diagnostics and testing equipment with a presence in over 145 countries and nearly two decades of operations in India. The asset was developed to institutional-grade specifications aligned with the tenant’s operational requirements.
Commenting on the transaction, Sudarshan Lodha, Co-founder and CEO, Strata, said: “This exit reflects Strata’s ability to execute institutional-grade industrial investments with global occupiers, while delivering superior returns for our investors. South Bengaluru, particularly the Bommasandra–Hosur belt, has firmly established itself as a key life sciences and manufacturing corridor, supported by strong infrastructure, skilled talent, and long-term industrial zoning. Our focus remains on disciplined execution, investing in income-generating assets with long-term leases and institutional tenants across office, healthcare, and industrial segments.”
This marks Strata’s third successful exit across office, warehouse, and industrial assets, with total investor exits exceeding ₹300 crore over the past two years, consistently delivering outcomes at or above targeted returns. Strata is backed by investors including Elevation Capital, Mayfield, Kotak Investment Advisors, and Gruhas.