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Nettime Solutions, Koramangala, Bangalore

By: SIOR Report

Behind the Deal - Town of Caledon Case Study



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.

  • "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.


Rajendra Prasad R K, SIOR

Michael Maroon, SIOR


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The SOCIETY OF INDUSTRIAL AND OFFICE REALTORS®  is the leading global professional office and industrial real estate association.  SIOR represents today's most knowledgeable, experienced, and successful commercial real estate brokerage specialists.