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Latest news about Mindspace Business Parks REIT

Mindspace Business Parks REIT Secures ₹700 Crore Through Non-Convertible Debentures 6 hours ago Today

Mindspace Business Parks REIT has successfully raised ₹700 crore by allotting 70,000 non-convertible debentures (NCDs) with a face value of ₹1,00,000 each. The NCDs have a coupon rate of 7.1485% per annum, a tenor of 4 years and 364 days, and will mature on November 15, 2030. The total consideration received was ₹700.57 crore, generating a premium of ₹0.57 crore. The debentures were issued at a premium using a multiple yield allotment method. This issuance is part of Mindspace REIT's broader debt raising program with an approved limit of up to ₹11,500 crore. Investors will receive quarterly interest payments, and the allotment complies with SEBI regulations for REITs.

Mindspace REIT Secures 11 Sword of Honour Awards for Excellence in Health and Safety Nov 04, 2025

Mindspace REIT Secures AAA Rating Reaffirmation from ICRA Oct 28, 2025

Mindspace REIT Sets Board Meeting for Q2 Results and Distribution Declaration Oct 28, 2025

Mindspace REIT Approves INR 115,000 Crore Debt Fundraising, Amends Financial Covenants Oct 17, 2025

More news about Mindspace Business Parks REIT

16Oct 25

Mindspace REIT Secures GRESB Sector Leader Status and Partners with Navi Mumbai for Sustainability Initiatives

Mindspace Business Parks REIT has been recognized as a GRESB Sector Leader for its outstanding Environmental, Social, and Governance (ESG) performance. The REIT secured a 5-star GRESB rating for the third consecutive year, achieved a 93/100 score in Standing Investment, and a perfect 100/100 in the Development Benchmark. Notable achievements include 40% renewable energy in its operational mix, 100% on-site water reuse, and 99.90% of its portfolio being green building certified. The REIT has set ambitious targets including Net Zero emissions by 2042 and 42% GHG emissions reduction by FY2030. Additionally, Mindspace REIT has partnered with Navi Mumbai Municipal Corporation for a plastic and e-waste recycling campaign.

15Sept 25

Mindspace Business Parks REIT Issues INR 600 Crore Non-Convertible Debentures with 7% Coupon Rate

Mindspace Business Parks REIT has issued 60,000 non-convertible debentures worth INR 600 crore. The debentures have a face value of INR 1,00,000 each, a coupon rate of 7.00% per annum payable quarterly, and a tenor of 2 years with final redemption on September 14, 2027. The total consideration received was INR 600.15 crore. This issuance is part of a larger approved plan to raise up to INR 2,800 crore through debt securities.

09Sept 25

Mindspace REIT Aims for 50% NOI Growth, Celebrates 5 Years of Listing

Mindspace Business Parks REIT plans to increase its net operating income (NOI) by 50% over the next 3-4 years. The company will invest over Rs 4,200 crore to add 8 million square feet to its portfolio, potentially raising NOI by Rs 900-1,000 crore from the current Rs 2,000 crore. Since its listing in August 2020, Mindspace REIT has delivered 14.80% annualized total returns, grown its portfolio by 30%, and increased Gross Asset Value by 55%. The REIT maintains a strong 93.70% occupancy rate and has doubled the share of Indian corporates in its NOI to 25% over five years.

08Sept 25

Mindspace REIT Celebrates 5 Years of Listing with 14.8% Annualized Returns and Robust Growth

Mindspace Business Parks REIT celebrates five years since its 2020 listing, delivering 14.8% annualized returns to unitholders. The REIT's portfolio grew by 30%, with Gross Asset Value increasing 55% to INR 372.00 billion. It distributed INR 55.9 billion to unitholders, expanded its completed area from 23.9 msf to 31.0 msf, and became the first Indian REIT to introduce data centers. The REIT maintains 93.7% occupancy, increased in-place rent by 34%, and grew its unitholder base from 8,551 to 68,710. It operates across Mumbai, Hyderabad, Pune, and Chennai, with a total leasable area of 38.1 msf.

25Aug 25

Mindspace Business Parks REIT Raises INR 560 Crore Through Commercial Paper Issuance

Mindspace Business Parks REIT has successfully raised INR 560 crore by issuing commercial papers. The issuance comprises 11,200 units with a face value of INR 5 lakh each and a tenor of 199 days. The commercial papers will be listed on BSE Limited's debt segment from August 25, 2025. This issuance is part of a larger approval to raise up to INR 2,800 crore through debt securities and commercial papers in multiple tranches. The move aligns with SEBI regulations and has been communicated to the National Stock Exchange of India Limited and BSE Limited.

20Aug 25

Mindspace REIT Raises ₹550 Crore Through IFC Sustainability-Linked Bond, Totaling ₹1,200 Crore in ESG Debt

Mindspace Business Parks REIT has raised ₹550 crore through a Sustainability-Linked Bond (SLB) issuance from the International Finance Corporation (IFC). This brings the company's total SLB issuance to ₹1,200 crore. The 8-year bond carries a 7.41% coupon rate and is set to mature on August 19, 2033. Mindspace REIT becomes the first Indian REIT to issue SLBs under SEBI's new ESG framework. The bond is linked to measurable ESG targets including reduction in greenhouse gas emissions, increase in green-certified areas, and reduction in energy intensity.

07Aug 25

Mindspace Business Parks REIT Raises INR 600 Crore Through Commercial Paper Issuance

Mindspace Business Parks REIT has issued commercial papers worth INR 600 crore, comprising 12,000 units with a face value of INR 5,00,000 each. The papers have a 41-day tenor, maturing on September 15, 2025, and are listed on the BSE Limited's debt segment. This issuance is part of a larger financial strategy, with a cap on incremental borrowings set at INR 28,000 million. The move demonstrates the REIT's strong market position and ability to access short-term funding efficiently.

04Aug 25

Mindspace REIT Reports Robust Q1 Results with 24.2% NOI Growth

Mindspace Business Parks REIT announced robust Q1 financial results. Net Operating Income increased by 24.2% year-on-year to Rs. 6,164.00 million. Revenue from operations grew 21.4% to Rs. 7,523.00 million. The REIT declared a distribution of Rs. 3,527.00 million, up 18% from last year, with a Distribution Per Unit of Rs. 5.79. Gross leasing stood at 1.7 million square feet, with portfolio committed occupancy improving to 93.7%. The REIT acquired 'Q-City' in Hyderabad for Rs. 5,118.00 million, expanding its portfolio. The company maintained a low loan-to-value ratio of 25.0% and appointed Sandeep Mathrani to its Board.

04Aug 25

Mindspace REIT Reports Strong Q1 Results, Approves Rs 5.79 Per Unit Distribution

Mindspace Business Parks REIT announced robust Q1 results with profit rising to Rs 1,822.33 million and EPU of Rs 2.99. Revenue from operations increased by 21.4% to Rs 7,523.00 million, while NOI grew 24.2% year-over-year. The REIT approved a distribution of Rs 5.79 per unit. Operationally, it achieved gross leasing of 1.7 million square feet and increased committed occupancy to 93.7%. The company also approved the acquisition of an office unit in Pune and appointed Sandeep Mathrani as an Independent Director.

28Jul 25

Mindspace Business Parks REIT Increases Borrowing Limit to Rs 28,000 Million for Debt Securities and Commercial Papers

Mindspace Business Parks REIT has increased its total borrowing limit to Rs 28,000 million, up from the previous Rs 18,000 million. The Executive Committee of K Raheja Corp Investment Managers Private Limited, the REIT's manager, approved raising additional funds through non-convertible debt securities and commercial papers. The funds will be raised in one or more tranches, series, or issuances, with the total borrowing limit set as a cap at any given time, net of repayments.

24Jul 25

Mindspace REIT Expands Hyderabad Portfolio with Strategic Q City Acquisition

Mindspace Business Parks REIT has completed its first third-party acquisition, purchasing Q City, a multi-tenanted IT park in Hyderabad's Financial District, for ₹5,118.18 million. The 0.8 million square feet property will be rebranded as 'The Square, 110 Financial District'. The acquisition was made at an 11.6% discount to independent valuation, with an implied cap rate of 9.9%. This strategic move increases Mindspace REIT's Hyderabad portfolio to over 16 million square feet and is expected to add ₹1.8 per unit to its Net Asset Value. The property, currently at 65% occupancy, was acquired through debt financing and is positioned to capture demand spillover from Madhapur and HITEC City.

23Jul 25

Mindspace Business Parks REIT Plans to Raise Up to Rs 2,800 Crore Through Debt Securities

Mindspace Business Parks REIT has announced plans to raise up to Rs 2,800 crore through non-convertible debt securities and commercial papers. The fundraising will be done through fresh issuance in multiple tranches, series, or phases. This amount includes previously approved borrowings of Rs 1,800 crore. The company's Executive Committee is set to meet to consider this fundraising initiative. Previously, Mindspace REIT had raised INR 540 crore through commercial papers listed on BSE Limited.

01May 25

Mindspace Business Parks REIT to Consider Rs 1,800 Crore Debt Fundraising

Mindspace Business Parks REIT has scheduled an Executive Committee meeting on May 6, 2025, to consider raising up to Rs 1,800 crore through non-convertible debt securities and/or commercial papers. The fundraising, if approved, will be executed in multiple tranches. This move signals potential expansion plans or confidence in future growth prospects for the commercial real estate player.