Strata Sells Express Zone, Mumbai for ₹40 Cr, 13% IRR
NEW DELHI: Strata has successfully exited its Grade A office investment in Express Zone, Goregaon East, Mumbai, for a transaction value of ₹40 crore. The asset was initially purchased in March 2021 for ₹33.6 crore and fully fractionalized among 120 investors, each contributing ₹25 lakh. During the holding period, investors received a total of ₹12.9 crore in rental payments in addition to the exit proceeds. The transaction yielded a 13% IRR with 20% capital appreciation. Express Zone was first leased to ReachLocal. After the lease concluded, Anand Rathi Global Finance acquired the property, facilitating a successful exit. Published On Oct…