hBits, a leading fractional ownership platform announced the launch of its new asset in the MMR - French Listed Tech MNC. This is the 16th property of hBits, offering INR 54.66 cr investment opportunity. hBits’ latest Grade A commercial asset is in Ashar IT Park at Wagle Estate, Thane. This move is a long-term commitment of hBits to offer Grade A commercial real estate investment opportunities to investors.
The newly launched asset has an entry yield of 8.75% and an expected IRR of 15.16%. It is leased out to a French-listed multinational company with a revenue exceeding €10 billion and a global leader in customer experience management. The leasable area of the entire building is about 1.1 million square feet majority of which is occupied by French Listed Tech MNC. Key tenants in the micro market include Raymond, Cipla and DHL thus, having a marquee tenant base and an active commercial environment within Wagle Estate.
The location has proximity to Eastern Express Highway, Thane Railway Station and the soon-to-be operational Wagle Circle Metro Station indicating long-term growth for the area.
