Mindspace Business Parks REIT has acquired three high-quality office assets from its sponsor K Raheja Corp in a deal worth ₹2,916 crore.
The acquired assets — two in Mumbai (a newly completed commercial tower in Worli and an office building in BKC-Annex) and one in Pune (in Kalyani Nagar) — together add about 0.8 million square feet of premium leasable area to the REIT’s portfolio. Independent valuers have placed the gross asset value (GAV) of these assets at approximately ₹3,106 crore.
With this acquisition, Mindspace REIT’s total commercial portfolio is set to expand from around 38.2 million sq ft as of September 30 to nearly 39 million sq ft.
The board of the REIT’s manager has also approved a preferential issue of units aggregating up to ₹1,820 crore, subject to unitholder and regulatory approvals.
According to company statements, the newly acquired Grade-A office spaces represent institutional-grade, income-yielding assets anchored by reputed tenants and located in India’s top central business districts (CBDs). The move is part of the REIT’s broader strategy to strengthen its presence in major commercial hubs and enhance long-term value for its investors.
The acquisition highlights growing interest in commercial real estate assets in top-tier Indian cities and reinforces Mindspace REIT’s role as a major player in India’s office-space market. For prospective investors and market followers, the expanded portfolio offers increased scale and exposure to high-demand office locations across Mumbai and Pune.
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