Property Share Investment Trust - Propshare Platina has informed the Exchange regarding Annual Full Valuation report for assets for FY ended 2024-25
Awaiting price reaction for this filing.
Propshare Platina REIT has filed its mandatory annual property valuation report with BSE as required under SEBI REIT Regulations. The trust's sole asset is 6 office floors (Ground to 5th) in Building 2 of Prestige Tech Platina, located on Outer Ring Road, Kadubeesanahalli, Bengaluru, with a total leasable area of 246,935 sq.ft. of Grade A commercial space. Independent valuer KZEN Valtech has assessed the market value at approximately ₹359.4 crore (₹3,594,360,000) as of 31 March 2025. The valuation uses an 8% exit cap rate, 11.75% discount rate, current in-place rent of ₹103.17/sq.ft./month, and a market rent assumption of ₹96/sq.ft./month for FY26. The property is fully operational (completed in 2015, ~9.1 years old), free of debt, with ownership recently consolidated through SPVs.
This is a routine compliance filing that gives unitholders transparency on the underlying asset's value. In-place rent is currently above market rent assumptions, suggesting stable rental income; the valuation number will be a key input for the trust's net asset value (NAV) and any future distribution decisions.