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Project GMDC

Entic­ing invest­ment poten­tial in a pre-leased asset in a devel­op­ing city in India

The GMDC Project presents investors with an oppor­tu­ni­ty to par­tic­i­pate in the devel­op­ment of a man­aged office cen­ter, com­plete with pre-com­mit­ted occu­pants. The project aims to achieve a tar­get­ed annu­al yield of 10% by devel­op­ing this pre­mi­um asset in the emerg­ing city of Vas­tra­pur, India.

DevX is cur­rent­ly extend­ing an invi­ta­tion to pro­fes­sion­al investors to par­tic­i­pate in the invest­ment oppor­tu­ni­ty. The cap­i­tal raised will be uti­lized for the con­struc­tion, oper­a­tion, and leas­ing of an office build­ing in a prime loca­tion with high demand. Investors can antic­i­pate robust risk-adjust­ed returns by gain­ing expo­sure to an out­stand­ing, rapid­ly grow­ing real estate envi­ron­ment, cou­pled with the exper­tise of a sea­soned team boast­ing a proven long-term suc­cess­ful track record.

 

The total build­ing capac­i­ty of Project GMDC is 44,600 m², dis­trib­uted among office (80%), res­i­den­tial (12%), and retail (8%) spaces to opti­mize rev­enue gen­er­a­tion and max­i­mize profits.

HIGHLIGHTS

Indi­an Green Build­ing Coun­cil — Gold cer­ti­fied: solar pan­els, rain­wa­ter harvesting
Crick­et and ten­nis facilities
In-house child­care facility
Ded­i­cat­ed floor for food and beverages
Prox­im­i­ty to a Metro Sta­tion and the city’s largest mall
Man­age­ment Team: 30 years of com­bined indus­try expe­ri­ence, DevX over 60 employees
Tai­lor-made solu­tions through man­aged office spaces by iden­ti­fy­ing and devel­op­ing Grade‑A build­ings that meet spe­cif­ic requirements
In-house design exe­cu­tion team and a ful­ly inte­grat­ed app for its office space clients

PROJECT OVERVIEW

Project GMDC is envi­sioned as a dis­tinc­tive office space that will cul­ti­vate a cam­pus-like atmos­phere, incor­po­rat­ing open spaces and over­lap­ping work areas to pro­mote inter­ac­tiv­i­ty and flex­i­bil­i­ty. DevX, the dri­ving force behind this project, is com­mit­ted to cre­at­ing infor­mal spaces for recre­ation­al activ­i­ties to shape a vibrant and pos­i­tive cor­po­rate cul­ture with­in the build­ing. The strate­gic place­ment of the retail area in a prime loca­tion, eas­i­ly acces­si­ble from the street, aims to boost demand among poten­tial retail tenants.

 

In addi­tion to offer­ing appeal­ing ameni­ties such as crick­et and ten­nis facil­i­ties, the build­ing places a strong empha­sis on sus­tain­abil­i­ty and ener­gy effi­cien­cy. Elec­tric­i­ty for com­mon areas will be sourced from pho­to­volta­ic (PV) sys­tems. The project boasts an Indi­an Green Build­ing Coun­cil rat­ing, high­light­ing its com­mit­ment to reduced car­bon emis­sions and a min­i­mized envi­ron­men­tal impact.

 

DevX, the vision­ary behind this project, brings a wealth of offer­ings to the table, includ­ing man­age­ment exper­tise, local expe­ri­ence, an excel­lent and lengthy track record in com­mer­cial real estate, project sourc­ing and real­iza­tion expe­ri­ence, and a ded­i­cat­ed project team with over 60 employees.

 

The GMDC project presents an equi­ty par­tic­i­pa­tion oppor­tu­ni­ty with a total invest­ment vol­ume amount­ing to $48,000,000, which will be used to build, oper­ate and rent out the build­ing. Investors can antic­i­pate a tar­get­ed yield of 10% per annum and a tar­get­ed IRR of 19.6% in the event of an ear­ly exit. Tok­eniza­tion for this project is option­al, pro­vid­ing flex­i­bil­i­ty for investors.

PROJECT LOCATION

Sit­u­at­ed in Vas­tra­pur, Ahmed­abad, Gujarat, India, the man­aged office space pro­vides an opti­mal envi­ron­ment for enter­prise and MNC clients. Its strate­gic place­ment in a bustling neigh­bor­hood posi­tions it in close prox­im­i­ty to shop­ping malls, a hos­pi­tal, uni­ver­si­ties, and dynam­ic stu­dent com­mu­ni­ties. This pre­mier loca­tion ensures star­tups have con­ve­nient access to essen­tial ser­vices and a diverse tal­ent pool, fos­ter­ing an envi­ron­ment con­ducive to growth and innovation.

ABOUT DEVX

DEV ACCELERATOR PVT LTD. (“DevX”) stands as Gujarat’s largest co-work­ing com­pa­ny, with an expand­ing pres­ence into new areas. The com­pa­ny is cur­rent­ly under­go­ing sub­stan­tial growth pro­pelled by cor­po­rate col­lab­o­ra­tions, favor­able mar­ket con­di­tions, and height­ened demand, all fueled by its tech­ni­cal expertise.

 

Oper­at­ing across 10 cities in India, DevX pro­vides over 100,000 square meters of work­space spread across 27 co-work­ing and man­aged office space cen­ters. Addi­tion­al­ly, they admin­is­ter a Start­up Accel­er­a­tor pro­gram craft­ed to nur­ture inno­v­a­tive star­tups by pro­vid­ing essen­tial support.

office centers devx

DevX man­aged office centers

DevX remains high­ly attuned to the evolv­ing needs of the entre­pre­neur­ial com­mu­ni­ty, play­ing a piv­otal role in sup­port­ing the growth jour­neys of numer­ous star­tups at their cen­ters. The com­pa­ny’s phi­los­o­phy revolves around fos­ter­ing equal part­ner­ships and facil­i­tat­ing growth through strate­gic alliances and sup­ple­men­tary services.

 

The com­pa­ny main­tains a 82% occu­pan­cy rate across its exist­ing office cen­ters, high­light­ing its com­mit­ment to eco-friend­ly oper­a­tions, empha­sis on sec­ond-tier cities, engage­ment with mar­quee clients on long-term con­tracts, pos­ses­sion of an in-house design exe­cu­tion team, pro­vi­sion of a ful­ly inte­grat­ed app, assur­ance of a swift break-even, and offer of a sub­stan­tial rent-free period.

MANAGEMENT TEAM

Co-Founder and Chief Growth Officer

 

• 10 years in IT & Real Estate, Strate­gic Thinker with Mar­ket­ing and Sales exper­tise, Start­up Enthu­si­ast, and Entrepreneur.

• Focus on Strate­gic Part­ner­ships, Long-term Growth Strate­gies, and curat­ing Tech­nol­o­gy Startups/SMEs for the Accel­er­a­tor program.

• Leads Sourc­ing, Nego­ti­at­ing, and on-board­ing of Strate­gic Part­ners, empha­siz­ing like-mind­ed collaborations.

• Board Mem­ber (Investor) and Men­tor for SaaS, Mobil­i­ty, Cloud Kitchen, Media Tech, and Lend­ing ventures.

• Expe­ri­ence: Marketing/Sales Con­sul­tant at a 100-year-old Man­u­fac­tur­ing firm in the UK.

• Active Investor and Men­tor for Star­tups, facil­i­tat­ing their tran­si­tion from Ideation Stage to Growth stage.

Co-Founder and Chief Oper­a­tion Officer

 

• 10+ years in oper­a­tions, go-get­ter in com­mer­cial real estate, pas­sion­ate about dis­rup­tive office space solutions.

• Process advo­cate, ser­i­al entre­pre­neur, sup­ports star­tups in stream­lin­ing processes.

• Start­ed as a soft skill train­er, tran­si­tioned to stream­lin­ing and automat­ing hir­ing process­es, estab­lished 2 suc­cess­ful startups.

• Leads Phi designs for inte­ri­or design­ing and over­sees dig­i­tal mar­ket­ing solu­tions for DevX.

• Active investor, accel­er­ates tech star­tups with fel­low co-founders.

Co-founder and Chief Engage­ment Officer

 

• 7+ years in IT, spe­cial­izes in Net­work Infra­struc­ture Management.

• Inspired by tech­nol­o­gy and dig­i­tal trans­for­ma­tion, brings inno­v­a­tive solu­tions to CRE industry.

• Expert in client rela­tion­ship man­age­ment and nego­ti­a­tion, focus­es on effi­cient oper­a­tional solutions.

• Heads Pur­chase, Admin, Legal, and Net­work depart­ments, build­ing strong con­nec­tions with Ven­dors, Builders, Strate­gic Part­ners, and Clients.

• Aims to estab­lish DevX as the pio­neer brand in the Office Space Indus­try with co-founders.

Project GMDC

Tar­get Fund Raise

USD 48,000,000

For Investors from

Worldwide

Issuer DEV ACCELERATOR PVT LTD.
Juris­dic­tion India
Instru­ment Type Equi­ty Participation
Total Invest­ment Volume $48,000,000
Min. Invest­ment Amount TBA
Tar­get­ed Yield 10% p.a.
Tar­get­ed IRR (ear­ly exit scenario) 19.6%
Start of Offering 1 Feb­ru­ary 2024
Accept­ed Currencies USD, INR, EUR
For gen­er­al ques­tions about Secu­ri­ty Token Offer­ings please read our FAQs or Con­tact us.
Investor Doc­u­men­ta­tion
upon reg­is­tra­tion

More infor­ma­tion about the issuer, as well as the legal doc­u­men­ta­tion you will receive after reg­is­tra­tion. We are avail­able for ques­tions at any time – contact@blackmanta.capital

Inter­est­ed investors must reg­is­ter and qual­i­fy as pro­fes­sion­al client accord­ing to Annex II of DIRECTIVE 2014/65/EU. A pro­fes­sion­al client is a client who pos­sess­es the expe­ri­ence, knowl­edge and exper­tise to make its own invest­ment deci­sions and prop­er­ly assess the risks that it incurs.

Poten­tial investors must suc­cess­ful­ly com­plete an investor iden­ti­fi­ca­tion process in accor­dance with anti-mon­ey laun­der­ing rules in order to invest. Only iden­ti­fied and ver­i­fied investors can par­tic­i­pate in the offer­ing and pur­chase tokens. There is no pref­er­en­tial sub­scrip­tion right for investors. There is no enti­tle­ment to allo­ca­tion of the tokens. Acquired tokens will be cred­it­ed to the investors’ per­son­al Poly­gon wal­let and simul­ta­ne­ous­ly record­ed in the issuer’s register.

Legal Infor­ma­tion

The infor­ma­tion in this Offer­ing is intend­ed sole­ly for investors who are not locat­ed or res­i­dent in cer­tain oth­er restrict­ed juris­dic­tions and who are not oth­er­wise per­mit­ted to receive such information.

The infor­ma­tion in this Offer­ing does not con­sti­tute an offer or solic­i­ta­tion to pur­chase any secu­ri­ties in the Unit­ed States, Aus­tralia, Cana­da, Japan, South Africa, the Repub­lic of Chi­na or in any oth­er juris­dic­tion in which such offer or solic­i­ta­tion is not autho­rized or to any per­son to whom it is unlaw­ful to make such offer or solicitation.

Users of this infor­ma­tion are request­ed to inform them­selves about and to observe any such restric­tions. Secu­ri­ties may not be offered or sold in the Unit­ed States absent reg­is­tra­tion or an exemp­tion from reg­is­tra­tion under the Unit­ed States Secu­ri­ties Act of 1933, as amended.

An invest­ment involves con­sid­er­able risks and can lead to the com­plete loss of the assets invest­ed. In the inter­ests of risk diver­si­fi­ca­tion, only those amounts of mon­ey should be invest­ed that are not required or expect­ed to be returned in the near future. How­ev­er, the risk is lim­it­ed to the invest­ment sum made and there is there­fore no oblig­a­tion to make addi­tion­al contributions.

The Issuer is sole­ly respon­si­ble for all con­tents and infor­ma­tion pro­vid­ed regard­ing the offer­ing. BMCP GmbH acts as a pure inter­me­di­ary and assumes no lia­bil­i­ty for the accu­ra­cy of the pro­vid­ed content.

BMCP GmbH works on a suc­cess fee basis of up to 3% of raised capital.

DISCLAIMER

 

MARKETING NOTICE PURSUANT TO § BT 3.1.1 MACOMP

THE FOLLOWING IS A MARKETING COMMUNICATION AND NOT AN INVESTMENT RECOMMENDATION. THIS ADVERTISING COMMUNICATION IS THEREFORE NOT A SUBSTITUTE FOR INVESTMENT ADVICE AND DOES NOT TAKE INTO ACCOUNT THE LEGAL PROVISIONS PROMOTING THE INDEPENDENCE OF FINANCIAL ANALYSES, NOR IS IT SUBJECT TO THE PROHIBITION ON TRADING FOLLOWING THE DISSEMINATION OF FINANCIAL ANALYSES.

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