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ADIA Takes a Strategic Exit by Selling INR 1,926 Crore Stake in Mindspace Business Parks REIT

ADIA has exited Mindspace Business Parks REIT with a ₹1,926 crore block deal, selling 5.43 crore units at ₹354.3 each via its subsidiary, Platinum Illumination A 2018 Trust. This marks the end of its 9.2% stake acquired in 2022.

By Admin

  • 19th Dec 2024
  • 1215 Views
K Raheja Settles REIT Violation Case with INR 68.73 Lakh Payment

K Raheja Corp Investment Managers, the manager of Mindspace Business Parks REIT, has resolved a regulatory case with SEBI by paying ₹68.73 lakh as a settlement fee. The matter pertained to alleged REIT rule violations, and the company settled without admitting or denying SEBI’s findings.

By Admin

  • 30th Nov 2024
  • 1218 Views
Why is India the Fastest-Growing REIT Market in Asia-Pacific?

India's real estate investment trust (REIT) market grew 31% in 2023, the most in Asia-Pacific, despite a 7% fall overall the $252 billion Asian REIT industry. This increase bodes well for investors in India's young but growing REIT industry.

By Admin

  • 15th Aug 2024
  • 1278 Views
Mindspace Business Parks REIT Sets Record with Over 2 Million Sq Ft Leasing in Q4

Mindspace Business Parks REIT leased over 2 million square feet in the quarter ended March 2024, a record. This is the greatest lease volume since its August 2020 IPO, totaling 3.6 million square feet for 2023-24.

By Admin

  • 1st May 2024
  • 1377 Views
MindSpace REIT Applies an Innovative Strategy IMOC to Elevate Sustainable Real Estate Development

MindSpace Real Estate Investment Trust (REIT) has initiated an innovative endeavour known as the Integrated Management of Operations Centre (IMOC) project, which aims to reconfigure the industry environment.

By Admin

  • 7th Nov 2023
  • 1337 Views
Raheja Mindspace REIT Plans to Develop 8 Lakh Sqft Property in Airoli, Navi Mumbai

K Raheja Corp-backed Mindspace Business Parks REIT aims to create an 8 lakh-square-foot mixed-use building with commercial offices and a luxury hotel in its Airoli east business park in Mumbai.

By Admin

  • 1st Nov 2023
  • 1553 Views
Mindspace REIT is Acknowledged as a Great Place To Work For The Second Consecutive Year

Mindspace Business Parks REIT has been designated a Great Place To Work for the second year running.

By Admin

  • 14th Mar 2023
  • 1402 Views
Mindspace Biz Parks REIT Raise 100 Crore INR Through CPS Offering

Since the capital markets regulation allowed REITs to employ commercial papers in 2022, K Raheja Corp's Mindspace Business Parks REIT is India's first to do so.

By Admin

  • 21st Dec 2022
  • 1494 Views
Mindspace Business Parks REIT Collaborates With The Government of Telangana to Build a School

Mindspace Business Parks REIT has built a brand-new school for the children of Gambhiraopet, a village in the Telangana district of Sircilla.

By Admin

  • 19th Dec 2022
  • 1551 Views
Mumbai Headquartered Mindspace REIT Q3 Net Operating Income Up Approximately by 4 Per Cent

On February 10, 2022 Mindspace Business Parks REIT announced a 3.8 percent rise in quarterly and nine-month net operating income to Rs 371.5 crore for the quarter and nine months ended December 31, 2021.

By Admin

  • 11th Feb 2022
  • 1649 Views
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