Business
MYRE Capital offers new grade A+ office asset in Vaishnavi Tech Park, Bangalore
MYRE Capital is India’s first new real estate investment platform. This is a joint venture of the renowned construction company Morphogenesis. MYRE ends the 2021 calendar year with a combined AUM of over 1 billion. They have launched their latest products at Vaishnavi Technology Park (VTP) in Bangalore starting this year.
MYRE Capital offers investors the opportunity to invest in rare commercial real estate (CRE) institutional grade assets with a minimum investment of Rs 2.5 lakh. The proposed space is 36,230 square feet. Located in the South Tower of VTP, spanning the entire 4th floor. This opportunity will offer an entry rate of return of 8.7% and a target internal rate of return (IRR) of 16.2%. This comes as office space demand in Bengaluru is expected to reach pre-pandemic levels in 2022, dominated by the financial and tech sectors. Bengaluru is widely regarded as the “Silicon Valley of India” due to the presence of the largest IT company in the country.
Vaishnavi Technology Park (VTP) is strategically located at the intersection of Outer Ring Road (ORR) and Sarjapur Micro Market. ORR is the largest IT hub in Bangalore, while the Sarjapur micro market has a 0% vacancy rate. These micro-markets are home to some of the most prominent multinational tenants, including – LinkedIn, Deloitte, Microsoft, Accenture, HCL, Tata, Wipro.
VTP is a newly built development with 2 office towers and a dedicated retail space. As a testament to the quality of the asset, the entire development has been designed for an IGBC Platinum rating. State-of-the-art construction techniques have been used to achieve long-term minimization of utility costs and maintenance costs.
The themed building is fully leased to Smartworks, the market leader in managed lease solutions, for a total of 9 years. Given strong demand from blue-chip and multinational tenants, Smartworks has been able to sublease more than 90% of the tower to corporate clients within days of occupying the space. Smartworks is the largest operator in managed leasing and has demonstrated strong leasing capabilities by acquiring over 500 enterprise clients across its pan-India offices including Amazon, Tata, Ernst & Young, Starbucks, Microsoft and more. The space acquired by MYRE is occupied by Groww, one of the largest fintech platforms in the country. Groww recently hired Microsoft Executive Chairman and CEO Satya Nadella as an investor and active board advisor. Groww is also an anchor subtenant in VTP.
MYRE Capital has also launched a first-of-its-kind 3D virtual tour of the development, allowing investors to virtually browse the entire property and give them a more meaningful understanding of the development.
Complete News Source : Construction Week
Lifestyle
10 best activities hacks for the better lifestyle for Business Managers.
Table of Contents
Business managers, known for their dynamic and demanding roles, are now adopting innovative activity hacks to improve their lifestyle and well-being. Recognizing the importance of work-life balance and personal wellness, these leaders are implementing a range of activities to foster physical health, mental clarity, and overall satisfaction in their professional and personal lives.
Mindfulness at Work lifestyle
Business managers are incorporating mindfulness practices, such as meditation and deep breathing exercises, into their daily routines to reduce stress and increase focus in high-pressure situations.
Regular Exercise Breaks
Amid tight schedules, managers are embracing short exercise breaks, such as brisk walks or stretching exercises, to stay active throughout the day and boost their energy levels.
Nutrition and Healthy Eating
Prioritizing their well-being, managers are adopting healthier eating habits, including nutritious snacks and well-balanced meals, to sustain their energy during demanding workdays.
Time Management Workshops
Business managers are attending time management workshops to enhance their organizational skills, enabling them to efficiently juggle multiple responsibilities and achieve better work-life integration.
Skill Development Seminars
Recognizing the value of continual growth, managers are attending skill development seminars to stay updated on industry trends and enhance their leadership abilities.
Flexible Work Arrangements
Some forward-thinking companies are offering flexible work arrangements to business managers, providing the freedom to create a more harmonious work-life balance.
Social Engagement
Building a sense of camaraderie, managers are engaging in team-building activities and networking events to foster positive relationships within their professional circles.
Unplugging from Technology: In a digital era, managers are prioritizing personal time by unplugging from technology during non-working hours, allowing for genuine relaxation and recharging.
Pursuing Hobbies and Interests
Managers are rediscovering their passions outside of work, be it painting, gardening, or playing a musical instrument, to unwind and find fulfillment beyond their professional roles.
Encouraging Employee Wellness
Some managers are also promoting wellness initiatives within their teams, encouraging their employees to embrace similar activity hacks and lead healthier lives.
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