Mindspace Business Parks REIT Raises INR 600 Crore Through Commercial Paper Issuance Aug 07, 2025
Mindspace REIT Reports Robust Q1 Results with 24.2% NOI Growth Aug 04, 2025
Mindspace REIT Reports Strong Q1 Results, Approves Rs 5.79 Per Unit Distribution Aug 04, 2025
More news about Mindspace business Parks Reit
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.