Mindspace business Parks Reit , a leading player in India's commercial real estate sector, has scheduled a conference call for December 1, 2025, at 4:00 p.m. IST. The purpose of this call is to discuss the proposed acquisition of two companies, which would significantly expand Mindspace REIT's portfolio.

Key Acquisition Details

The proposed acquisitions involve:

1. Sundew Real Estate Private Limited: 100% shareholding

   • Property: The Square Avenue 98 (BKC Annex)
   • Location: Village Kole Kalyan, South Salsette Taluka, Mumbai Suburban District
   • Current Leasable Area: Approximately 0.16 msf
   • Potential Enhanced Leasable Area: Approximately 0.22 msf

2. Pramaan Properties Private Limited: 100% shareholding

   • Properties: a) Ascent-Worli, Mumbai
     • Leasable Area: Approximately 0.45 msf
     • Additional: 36 residential units proposed for rental b) Office building in Raheja Woods, Kalyani Nagar, Pune
     • Leasable Area: Approximately 0.11 msf (including amenity building)

Portfolio Expansion

The acquisitions, if completed, would add approximately 0.72 msf of leasable area to Mindspace REIT's portfolio, strengthening its presence in key markets like Mumbai and Pune.

Conference Call Details

Investors and analysts interested in participating can access the call through a pre-registration link that will be provided by the company. Following the call, a playback and transcript will be made available on the Investor Relations section of Mindspace REIT's website ( https://www.mindspacereit.com/investor-relations/calendarir ).

This strategic move by Mindspace REIT underscores its commitment to growth and expansion in India's commercial real estate market. The acquisitions, if successful, could potentially enhance the REIT's rental income and diversify its property portfolio.

Investors are advised to follow the conference call for more detailed information on the proposed acquisitions, including potential financial implications and strategic benefits for Mindspace REIT.

Sponsor Group Entities of Mindspace Business Parks REIT Execute Pledge Transactions

Mindspace Business Parks REIT has reported recent pledge transactions executed by its sponsor group entities. These transactions involve the pledging and release of units in the REIT.

Key Details of the Transactions

1. Pledging of Units:

   • Sponsor group entity: Chandru Lachmandas Raheja
   • Number of units pledged: 1,365,000
   • Date of creation: May 22, 2023

2. Release of Pledged Units:

   • Sponsor group entity: Capstan Trading LLP
   • Number of units released from pledge: 1,365,000
   • Date of release: May 22, 2023

Impact on Unitholding

These transactions have resulted in changes to the pledged unitholding of the sponsor group entities:

• Chandru Lachmandas Raheja's pledged units increased by 1,365,000
• Capstan Trading LLP's pledged units decreased by 1,365,000

Significance

Pledge transactions by sponsor group entities can be significant for investors as they may indicate:

1. Changes in the financial positions of key stakeholders
2. Potential shifts in control or influence within the REIT
3. Confidence levels of sponsor group entities in the REIT's performance

Investors and market analysts often monitor such transactions closely to gauge the commitment and financial strategies of sponsor group entities.

Conclusion

While these pledge transactions have resulted in a shift of pledged units between two sponsor group entities, the overall number of pledged units remains unchanged. Investors may want to keep an eye on future pledge-related activities for any significant changes in the sponsor group's unitholding pattern.