Mindspace REIT acquires assets for ₹2,916 crore in Mumbai, Pune
pre-market1 source ↓written by the desknot a recommendation
- of three premium
- 8 lakh sq ft
- commercial assets
- ₹2,916 crore
- portfolio
- 39 million sq ft
- valued at approximately
- ₹1,820 crore
Mindspace Business Parks REIT is expanding its Grade A office portfolio by acquiring 8 lakh sq ft of three premium commercial assets for ₹2,916 crore. This acquisition enhances its footprint in Mumbai's CBDs like Worli and BKC, and Pune’s Kalyani Nagar, increasing its total portfolio to nearly 39 million sq ft. The deal includes a preferential issue of units valued at approximately ₹1,820 crore, pending regulatory approval.
Not investment advice. For informational purposes only.