MYRE Capital closes commercial property of Rs 70 crores in VTP, Bengaluru

Bengaluru & Mumbai, Thursday, October 06, 2022: MYRE Capital, has successfully closed the second offering in Vaishnavi Tech Park (VTP), Bengaluru. Post witnessing a huge demand with 38% oversubscription to the last offering in VTP, MYRE Capital launched another property in the same building and closed the opportunity. The property was oversubscribed by 30%.

Speaking on the development, Aryaman Vir, Founder & CEO, MYRE Capital said “We value the trust that our investors have instilled in us and we are overwhelmed with the response received for the both the opportunities in VTP. With the closure of this property, we have reached an AUM of INR 200 crore and we target to reach INR 350 crore by the end of the fiscal year. It has been a phenomenal year so far for MYRE Capital as we are also in works to launch India’s First Neo-Realty alternative investment fund to cater to this ever-rising demand for Grade-A assets in commercial real estate.”

The entire VTP building has been designed for IGBC platinum rating and has been leased to Smartworks, for a total tenure of nine years.