PropShare Celestia is the third scheme offered by Property Share Investment Trust, India's first SEBI registered small and medium REIT. This scheme provides investors with an opportunity to invest in seven floors of Stratum @ Venus Grounds, a Grade A+ mixed-use commercial building with a unique atrium design, in the prime location of Nehru Nagar, Ahmedabad.
The project is spread across an area of 2,07,838 sq. ft. and has three office and co-working space operators, namely, Smartworks Coworking Spaces Limited, EFC Limited, and Paragraph Khajanchi Business Centre LLP. These are publicly listed companies. Paragraph Khajanchi is one of the leading co-working space providers in Ahmedabad. They are also publicly listed in Sweden in the telecommunications space.
The office and co-working space operators provide their space to 10 diversified end-users. These include Tech Mahindra, a professional services firm with its presence in the US, an Indian private sector bank, a B2B e-commerce platform, a risk management and financial analytics firm, and a data analytics and business intelligence firm.
Axis Trustee Services is the Trustee to the scheme and PropShare Investment Manager Pvt. Ltd. is the investment manager.