Strata raises 140 crore for Warehouse investment

Strata, a tech enabled fractional investment platform for premium Commercial Real Estate (CRE), has raised Rs. 140 crore for a consortium of three grade-A warehousing asset opportunities amid the Covid-19 pandemic. Strata Avigna Warehousing I & II situated in Hosur received 100% commitment from investors within just 42 days of its launch, while the pharma warehousing asset in Bengaluru was closed within a record time of just 7 days. The consortium of assets collectively computed for a total of 0.7 million sq. ft. of warehousing space. The assets are expected to offer investors an average rental yield anywhere between 9.5% and 10% Y-o-Y, which is amongst the highest when compared to other investment opportunities such as -- mutual funds, fixed deposits and equity markets. The consortium listed by the company offers investment opportunity assets that an investor can avail via the fractional ownership model. The assets offered by Strata being pre-leased properties, the investors can start enjoying rentals from the first month of investment itself. Minimum investment for the assets listed begins from Rs.25-50 lakh. The investments being in liquid one can easily sell off one's stakes whenever required."