Property Share Investment Trust - PropShare Celestia REIT IPO

PropShare Celestia is the third scheme launched by Property Share Investment Trust, India's first small and medium real estate investment trust registered with the Securities and Exchange Board of India. Our third scheme i.e., PropShare Celestiarepresents the Scheme’s offeringacross seven floors of Stratum @ Venus Grounds, a  Grade  A+ mixed-use  commercial buildingwith  a  unique  atriumlocated  in  prime  Nehru  Nagar,  Ahmedabad  (Source:  JLL  Report).  Project  Celestia  has  a Super Built-UpArea of 2,07,838 sq. ft and is 100%occupiedby four tenants, including three managed-office operators –Smartworks Coworking SpacesLimited, EFC Limited (both publicly listed) and Paragraph Khajanchi Business Centre LLP (one of the top five co-working operators in Ahmedabad in terms of no. of operational seats) and aSwedish based listed telecommunications MNC. Lessees asmanaged office providers and co-working space operators have established managed office  facilities  at  the  Project  Celestia  for  a  diversified  base  of  10  occupiers,  comprising  three  Fortune  Global  500 companies, which include aGlobal Consulting company, a Global Technology company and a Global Chemical company, and one Fortune 500 companywhich is aUS-based multinational FMCG company. Other notable end usersinclude Tech Mahindra, US-based leading professional services firm, an Indian private sector bank, an Indian B2B e-commerce platform, Risk management and financial analytics solutions provider and Data analytics and business intelligence firm. This high-quality and diverse tenant mix ensuresa stableand reliable income stream.