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Nettime Solutions, Koramangala, Bangalore

Jan 22, 2021, 15:00 PM

Subtitle : Behind the Deal - Town of Caledon Case Study

Member i ds : 68231, 20124

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SIOR members close big deals in a big way. Select transaction case studies are featured in the SIOR Report so readers can learn both about and from the expertise of our members.

nettime

TRANSACTION TYPE & DETAILS

Date: July 2018

Transaction Type: Lease

Property Type: Office

Size: 5,000 SF

Price: $364,285 USD

Amazon was seeking a footprint of approximately 1 million square feet within the Greater Toronto Area but were faced with an extremely constrained land supply that would meet their demands for a building completion in summer 2019.

Transaction Profile

1.15 million square feet design build
1,500 associate parking stalls
15 year lease term
Largest building of its kind in the town of Caledon
Largest spec project in Canada in 2018

Transaction Profile

Since Koramangala is a start-up hub for new companies as well as VC-funded companies, available spaces tend to lease very quickly, amidst a high-demand, low-supply market. In this environment, negotiations can be challenging.

Solution

"GR Icon" is a new building, located in the heart of Koramangala with all other facilities and conveniences within reach.
Fortunately, many of the expansions have been able to be accomodated while the client is in the building.
In the near future, the client will occupy the entire, five-floor, 25,000 square foot building.

PARTICIPANTS & INFORMATION PROVIDED BY

Rajendra Prasad R K, SIOR

Michael Maroon, SIOR

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Behind the Deal
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