Strata buys Coffee Day Square for Rs 150 crore – Times of India

BENGALURU: Commercial real estate investment platform Strata has acquired the 11 storey-Coffee Day Square, the premium cafe which also housed the late coffee king VG Siddhartha’s office, for over Rs 150 crore. Popularly called the Square located at Vittal Mallya Road, the coffee shop is a visual treat of the picturesque coffee plantation blending its brand heritage with the luxurious coffee-drinking experience.
The Café Coffee Day Square has a built-up area of over 100,000 sft, and each floor measures around 9,000 sft. In 2009, Coffee Day wooed connoisseurs serving eight single origin coffees handpicked 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 asset in the city.
Sudarshan Lodha, co-founder and CEO, Strata, said, “We are thrilled to unveil the CCD Square, a grade-one commercial property that embodies our commitment to excellence and innovation. The asset is an icon among the notable properties in Bengaluru,” he said.
With this acquisition, Strata’s Karnataka asset transaction value has crossed the Rs 410 crore mark. Strata has 34 assets under its portfolio across India spanning over 3.7 million sft. It allows investors to own pre-leased, grade-A commercial properties and has over Rs 1,500 crore in assets under management, over 100,000 members, and 3,000 investors.

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