Mindspace Business Parks REIT has successfully completed strategic acquisitions worth ₹1,817.24 crores through a preferential unit allotment on January 9, 2026. The REIT allotted 3,91,59,342 units at ₹464.64 per unit to acquire 100% equity shareholding in Sundew Real Estate Private Limited and Pramaan Properties Private Limited.

Acquisition Details and Unit Allotment

The Allotment Committee of the Board of Directors approved the preferential allotment following satisfaction of various conditions precedent under the respective share purchase agreements. The allotment was structured in two tranches based on the acquired entities:

The allotment was conducted in accordance with SEBI (Real Estate Investment Trusts) Regulations, 2014 and Chapter 10 of the REIT Master Circular dated July 11, 2025, governing preferential issues by listed REITs.

Portfolio Expansion Through Strategic Assets

The acquisitions significantly expand Mindspace REIT's commercial real estate portfolio across key metropolitan markets. Sundew Real Estate brings The Square Avenue 98 (BKC Annex), a commercial building located at Village Kole Kalyan, South Salsette Taluka, Mumbai Suburban District. This property currently offers approximately 0.15 million square feet of leasable area with potential to enhance capacity to 0.22 million square feet.

Pramaan Properties contributes two strategic assets to the portfolio:

• Ascent-Worli: Located in Worli, Mumbai, this office building provides approximately 0.45 million square feet of leasable area along with 36 residential units proposed for rental operations
• Raheja Woods Office Building: Situated in Kalyani Nagar, Pune, offering approximately 0.11 million square feet of leasable area including an amenity building

Transaction Structure and Regulatory Compliance

The acquisitions were executed following comprehensive due diligence and receipt of all required corporate authorizations, waivers, permits, and approvals. The transaction structure involved Mindspace REIT acting through its trustee, with K Raheja Corp Investment Managers Private Limited serving as the Manager.

The preferential allotment follows earlier board meetings and unitholder approvals conducted through postal ballot, as referenced in the REIT's communications dated November 28, 2025, and December 30, 2025.

Market Position and Asset Quality

The acquired properties are strategically located in prime commercial districts, enhancing Mindspace REIT's presence in Mumbai's Bandra Kurla Complex vicinity, Worli business district, and Pune's established Kalyani Nagar area. The total leasable area addition of approximately 0.93 million square feet (current capacity) represents substantial portfolio growth, with potential expansion to over 1.0 million square feet upon optimization of The Square Avenue 98.

The transaction demonstrates Mindspace REIT's continued focus on acquiring quality commercial real estate assets in key metropolitan markets, funded through strategic unit issuances to existing stakeholders of the acquired entities.

Mindspace Business Parks REIT , a prominent player in the commercial real estate sector, has received approval from its Executive Committee to raise funds up to ₹1.30 lakh crore through debt securities. The committee meeting, held on January 8, 2026, considered and approved the substantial fundraising initiative under SEBI Listing Regulations.

Executive Committee Decision

The Executive Committee of K Raheja Corp Investment Managers Private Limited, acting as manager to Mindspace Business Parks REIT, formally approved the fundraising proposal during its meeting:

The approved amount represents a significant increase from the previously planned ₹2,800.00 crore, demonstrating the REIT's expanded growth ambitions and strong market positioning.

Fundraising Structure and Compliance

The comprehensive fundraising framework includes multiple debt instruments with specific compliance requirements:

The fundraising will be executed net of repayments, including outstanding indebtedness from time to time, ensuring optimal capital structure management.

Previous Fundraising Track Record

Mindspace Business Parks REIT has demonstrated consistent market access through its recent debt market activities:

Management and Regulatory Oversight

K Raheja Corp Investment Managers Private Limited continues to serve as the manager, with Bharat Sanghavi functioning as Company Secretary and Compliance Officer. The REIT maintains active listings across multiple scrip codes on both NSE and BSE, including various non-convertible debentures and commercial papers, reflecting its diversified funding approach and strong institutional investor confidence in the commercial real estate investment trust sector.