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Venus Group has completed a transaction involving 2,07,838 sq ft of Grade A office space at Stratum, Nehrunagar, Ahmedabad, marking one of the first instances of a developer-led commercial asset from the city being institutionalised under a REIT structure. The asset has been leased and monetised through PropShare Celestia, with the associated scheme witnessing 1.33 times subscription for an issue size of INR 244.65 crore. The fully leased property houses multinational and Fortune 500 tenants, reflecting growing investor interest in income-generating commercial assets in emerging real estate markets beyond major metros.
Venus Group has completed the monetisation of 2,07,838 sq ft of premium office space at Stratum, located in Nehrunagar, Ahmedabad, through a Real Estate Investment Trust structure, marking a notable transaction in the city’s commercial real estate market. Advertisement
The transaction, concluded recently, involves the institutionalisation of a developer-owned office asset under a REIT framework, representing one of the early such instances in Ahmedabad. The identified office inventory, spread across multiple floors within the Stratum development, has been leased and monetised via PropShare Celestia, positioned as a small and medium REIT (SM REIT) platform.
The asset is fully leased to a diversified tenant base comprising multinational corporations and Fortune 500 companies, indicating stable rental income and long-term occupancy visibility. This tenant profile has contributed to the positioning of the asset as an institutional-grade investment.
The SM REIT scheme associated with the asset was launched with an issue size of INR 244.65 crore and remained open for subscription over a one-week period earlier this month. The issue recorded an oversubscription of 1.33 times, signalling investor interest in income-generating commercial assets located outside traditional metro markets.
Stratum at Venus Grounds is a Grade A commercial development with an approximate built-up area of one million sq ft. The project has received IGBC Platinum certification, reflecting its green building credentials. It is developed on a large land parcel within the Nehrunagar micro-market and is designed to cater to contemporary office requirements with efficient floor plates.
A key feature within the development is a 16,000 sq ft ‘Activatrium’, designed as a collaborative and engagement-focused space for occupiers, contributing to the overall workplace ecosystem within the asset.
Rajesh Vaswani, Managing Director of the developer, indicated that the transaction reflects the entry of institutional capital into Ahmedabad’s commercial real estate sector through structured investment platforms. He stated that the development represents progress in positioning the city as a destination for premium occupiers and long-term investment.
The transaction also highlights a broader shift towards structuring commercial real estate assets under regulated investment frameworks, enabling wider investor participation and aligning with global practices in real estate capital markets.
With this development, Ahmedabad’s office market continues to see increased institutional attention, particularly for stabilised, income-generating assets that meet the requirements of REIT-based investment structures.
Source - PTI
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