Mindspace Business Parks REIT News and Updates

Name: Latest research reports of Mindspace Business Parks REIT authored by Geojit BNP Paribas and published by - Trendlyne research reports.
Item: Mindspace Business Parks REIT
Rating: 4
Author: Geojit BNP Paribas

Keep track of all breaking news on Mindspace Business Parks REIT from all sources in a single place.

Mindspace Business Parks REIT

06 May 2025

403.00

1.81%

Mindspace Reit to raise Rs 1,800 crore through debt securities, CPs

Business Standard

Board committee approves Rs 1,800 crore fundraise plan via non-convertible debt and commercial papers amid rising NOI and strong leasing growth in FY25

Mindspace Business Parks REIT is trading above all available SMAs

Mindspace Business Parks REIT

30 Apr 2025

403.00

1.81%

Mindspace Reit Q4: NOI grows 13% amid sustained demand for grade-A assets

Business Standard

Mindspace recorded gross leasing of 2.8 million square feet (msf) in Q4FY25, compared to 2 msf in Q4FY24. The occupancy across its assets stood at 93 per cent

Mindspace Business P.. has an average target of 393.00 from 1 broker.

Mindspace Business Parks REIT

06 Mar 2025

403.00

1.81%

MINDSPACE BUSINESS PARKS REIT

Accumulate: Mindspace Business Parks REIT

Geojit BNP Paribas

Mindspace Business Parks REIT is trading above all available SMAs

Mindspace Business Parks REIT

29 Jan 2025

403.00

1.81%

Mindpsace REIT buys 18.2L sq ft Hyderabad office complex for Rs 2,038 cr

Business Standard

Realty firm Mindspace Business Parks REIT has acquired Sustain Properties, which owns 18.2 lakh office space in Hyderabad, at an enterprise value of Rs 2,038 crore as part of its plan to expand rent-yielding portfolio. Mindspace REIT will acquire 100 per cent equity in Sustain Properties Pvt Ltd at an equity value of Rs 613 crore. The shareholders of Sustain Properties will be allotted units in Mindspace REIT as consideration. The deal is expected to close by the end of March. In a regulatory filing, Mindspace REIT informed that the board has approved "acquisition of 100 per cent equity shareholding of Sustain Properties holding about 1.82 million (18.2 lakh) square feet of leasable area at 'Commerzone Raidurg', located at Raidurg, Hyderabad, from the shareholders of Sustain. The office space has been leased to Qualcomm. The board has approved the issuance of up to 16,168,090 units of Mindspace REIT, on a preferential basis, as consideration for acquisition at a price of Rs 379.08

Mindspace Business P.. has an average target of 393.00 from 1 broker.

Mindpsace REIT acquires commercial complex in Hyderabad for Rs 613 crore

Business Standard | 29 Jan 2025

Mindspace Business Parks REIT

28 Nov 2024

403.00

1.81%

K Raheja Investment pays Rs 68.73 lakh to settle Reit norms case with Sebi

Business Standard

K Raheja Investment Managers on Thursday settled with capital markets regulator Sebi a case on alleged violation of REIT rules by paying Rs 68.73 lakh towards settlement fee in the matter of Mindspace Business Parks REIT. K Raheja Investment Managers LLP (now known as K Raheja Corp Investment Managers Pvt Ltd) is the manager of Mindspace Business Parks REIT. Mindspace Business Parks REIT, sponsored by K Raheja Corp group, was listed on the Indian bourses in August 2020. It owns office portfolios in the Mumbai Region, Pune, Hyderabad, and Chennai. The settlement order came after the noticee (K Raheja Investment Managers LLP) proposed to settle the instant proceedings initiated against it, without "admitting or denying the findings of facts and conclusions of law". The Securities and Exchange Board of India (Sebi) initiated adjudication proceedings against K Raheja Investment Managers LLP for the alleged violation of the provisions of Sebi's REIT (Real Estate Investment Trusts) rules

Mindspace Business Parks REIT is trading above all available SMAs

Mindspace Business Parks REIT

08 Oct 2024, 12:00AM

403.00

1.81%

MINDSPACE BUSINESS PARKS REIT

Accumulate: Mindspace Business Parks REIT

Geojit BNP Paribas

Mindspace Business Parks REIT is trading above all available SMAs

Mindspace Business Parks REIT

25 Sep 2024

403.00

1.81%

Mindspace REIT to build 1 mn sq ft data centre campus in Navi Mumbai

Business Standard

Mindspace Business Parks REIT will develop data centres for Princeton Digital Group in Navi Mumbai comprising 1 million square feet area. In a statement, Mindspace REIT on Wednesday said it has entered into a strategic partnership with Princeton Digital Group (PDG) to develop the latter's flagship and largest data center campus in India. The data centre will be developed at Mindspace Airoli West project in Navi Mumbai. Under this new agreement, Mindspace REIT will develop three additional built-to-suit data centers, adding a further 1 million square feet to its portfolio. The REIT has already developed 2 data centers for PDG, measuring around 0.63 million square feet. Upon completion, the business park will feature 5 data center buildings. The total data center footprint within the Mindspace REIT portfolio will stand at around 1.65 million square feet. This landmark development spanning around 15 acres will become a part of the larger 50-acre campus ecosystem of Mindspace Airoli

Mindspace Business P.. has an average target of 393.00 from 1 broker.

Mindspace Business Parks REIT

30 Jul 2024

403.00

1.81%

Mindspace REIT Q1FY25 results: Net operating income up 9 % to Rs 496 cr

Business Standard

Mindspace Business Parks REIT on Tuesday reported a 9 per cent increase in net operating income to Rs 496 crore in the first quarter of this financial year and declared distribution of nearly Rs 300 crore to unitholders for the latest April-June period. According to a regulatory filing, the company's revenue from operations rose 11 per cent to Rs 620 crore during April-June 2024, from Rs 560 crore in the year-ago period. Net Operating Income (NOI) increased 9 per cent to Rs 496 crore, from Rs 455 crore a year-ago, while distribution grew 5 per cent in the reported quarter to Rs 299 crore, from Rs 285 crore in the year-ago period. "We have had yet another great quarter, renting out over 1 million square feet and achieving a remarkable committed occupancy of 91.1 per cent. Our NOI grew by a robust 9.2 per cent driven by our rising rents and growing occupancy," Ramesh Nair, Chief Executive Officer, K Raheja Corp Investment Managers Pvt Ltd, Manager to Mindspace REIT said. This healthy

Mindspace Business P.. has an average target of 393.00 from 1 broker.

Mindspace Business Parks REIT

01 Nov 2023

403.00

1.81%

Expiries and SEZ de-notification the key monitorable

Buy: Mindspace Business Parks REIT

ICICI Securities Limited

Mindspace Business Parks REIT (MREIT) delivered a steady performance in Q2FY24 with both revenue and NOI increasing 7% QoQ to INR6.0bn and INR4.9bn, respectively. Overall portfolio occupancy as of Sep’23 was at 83.8% (decline of 310bps QoQ) owing to fresh exits of 0.3msf and acquisition of Porur, Chennai asset of 0.24msf which has higher vacancy.