Assetmonk acquires Tidel Park commercial property in Chennai

Assetmonk, a leading alternative real estate investment platform, has closed a deal worth 89 crore with Tidel Park, a Grade A+ commercial property in Chennai. The property's prime location and importance in India's IT transformation make it a compelling addition to Assetmonk's rapidly growing assets under management (AUM) portfolio. Tidel Park is a tenant of a 250 Fortune US Conglomerate, delivering an exceptional average rental yield exceeding 10.6% and targeting an impressive IRR of 16.5% over an expected 5-6 years tenure. Assetmonk has also launched an exclusive investment category, AM Select, tailored to meet the discerning requirements of High-Net-Worth Individuals (HNIs) and Ultra High Net Worth Individuals (UHNIs).

Prudhvi Reddy, Founder & Chief Operating Officer at Assetmonk, stated that the acquisition of Tidel Park is a deliberate move in their long-term strategy, aiming to identify unique and high-potential investment opportunities for seasoned investors. The platform curates high-quality real estate investment opportunities from India's private growth markets accessible to retail and upper retail investors, offering exceptional returns ranging from 12-18% across its fractional and fixed income products. Assetmonk is committed to bringing key industry stakeholders together on a unified platform by democratizing the Commercial Real Estate (CRE) space and creating access for asset owners/developers and investors in line with expected regulatory changes in the sector.

Assetmonk aims to streamline the end-to-end value chain through thorough due diligence, stringent compliance, risk mitigation, and a robust tech back end to enhance the overall investment experience.