Mindspace REIT acquires assets worth ₹2,920 crore
after close1 source ↓written by the desknot a recommendation
- from K Raheja
- ₹2,920 crore
- in Mumbai
- 0.8 msf
- quality
- 9% net operating income
- 1.7% DPU accretion
Mindspace REIT announced the acquisition of three prime assets for ₹2,920 crore from K Raheja Corp. The properties, totaling 0.8 msf in Mumbai and Pune, are expected to enhance the REIT's portfolio quality with a 9% net operating income and 1.7% DPU accretion. This strategic move may positively impact investor sentiment.
Not investment advice. For informational purposes only.