Strata sells Bengaluru’s industrial asset for Rs 35 crore

New Delhi: Strata, a tech-enabled commercial real estate investment platform, has sold an industrial asset in Bommasandra, South Bengaluru, for Rs 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 Rs 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 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.

"This exit reflects Strata's ability to execute institutional-grade industrial investments with global occupiers, while delivering superior returns for our investors,” said Sudarshan Lodha, Co-founder and CEO, Strata.

This marks Strata's third successful exit across office, warehouse, and industrial assets, with total investor exits exceeding Rs 300 crore over the past two years, consistently delivering outcomes at or above targeted returns. Strata isbacked by investors including Elevation Capital, Mayfield, Kotak Investment Advisors, and Gruhas.