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Strata buys Coffee Day Square for Rs 150 crore

Bengaluru: Commercial Real Estate Investment Forum level has acquired the 11-storeyed-Coffee Day Square, Premium Café, which also housed the office of late coffee king VG Siddhartha, for over Rs 150 crore. Popularly called the square situated in Vittal Mallya RoadThe coffee shop is a visual treat of picturesque coffee plantations that blends its brand’s heritage with a luxurious coffee-drinking experience.
the cafe coffee day The built-up area of ​​the square is over 100,000 square feet, and each floor measures approximately 9,000 square feet. In 2009, Coffee Day wowed connoisseurs serving eight single origin coffees selected from around the world. It has cafes in New Delhi, Mumbai, Bengaluru and Chennai. The menu offers international and local single origin coffees and fine dining options. The CCD Square acquisition is Strata’s seventh property in the city.
Sudarshan LodhaStrata Co-Founder and CEO said, “We are thrilled to unveil CCD Square, a grade-one commercial property that epitomizes our commitment to excellence and innovation. This property is emblematic of the notable properties in Bengaluru,” he said.
With this acquisition, the value of Strata’s Karnataka property transactions exceeds Rs 410 crore. Strata has 34 properties spanning over 3.7 million sq ft under its portfolio across India. It allows investors to own pre-leased, Grade-A commercial properties and has over Rs 1,500 crore of assets under management, over 100,000 members and 3,000 investors.

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