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MYRE Capital launches Grade-A office asset in Times Square, Mumbai


MYRE Capital, a neo-realty investment platform, has launched a property offering in Times Square, a landmark office complex in Andheri, Mumbai.
An institutional Grade-A office space, it is expected to offer a rental yield of 10.5 pc and 13.6 pc of target Internal Rate of Return (IRR), said a press release. The entire tower is pre-leased to Smartworks and the 10th floor is further subleased to IFTAS, a RBI subsidiary) with a lease tenure of 5+5+5 years.
The proposed space of 17,816 Sq. ft. spans the entire 10th floor of the newly constructed Tower-C in Times Square development, said the release further. The LEED Gold-certified asset offering has access to state-of-the-art infrastructure with proximity to major metro lines and the airport, it added.
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