Mindspace REIT acquires assets worth ₹2,916 crore
pre-market1 source ↓written by the desknot a recommendation
- enterprise value
- ₹2,916 crore
- to valuations
- 6.1% discount
- of premium office
- 0.8 million sq. ft
Mindspace Business Parks REIT has acquired three prime commercial assets from K Raheja Corp for a gross enterprise value of ₹2,916 crore, reflecting a 6.1% discount to valuations. This acquisition adds 0.8 million sq. ft of premium office space, enhancing its portfolio in Mumbai and Pune. The deal is pending unitholder and regulatory approvals.
Not investment advice. For informational purposes only.