India's Leap Towards Sustainable & Innovative Workspace Design
- Industry News
- March 13, 2024

Mindspace Business Parks REIT has expanded its Chennai portfolio by acquiring commercial office assets in Sholinganallur, adding nearly 25 lakh sq ft of chargeable office space. The deal strengthens Chennai’s growing position in India’s office leasing market while highlighting rising institutional investment, GCC demand, and increasing focus on sustainable urban infrastructure.
READ MORE
Mindspace Business Parks REIT has appointed Priya Mathias as Head of Marketing as the company sharpens its focus on workplace branding, digital engagement, and customer experience. With more than 20 years of experience across hospitality, luxury real estate, and logistics, Mathias will lead integrated marketing and stakeholder engagement initiatives for the Grade A office REIT platform.
READ MORE
Mindspace REIT has raised ₹500 crore through a 10-year non-convertible debenture issuance at a fixed coupon rate of 7.63%. The fully subscribed issue, backed by a leading life insurance company, will help refinance debt, extend borrowing maturities, and improve cash flow predictability amid changing interest rate conditions.
READ MORE
Mindspace REIT has acquired a 2.6 million sq. ft. Grade A office asset in Chennai for ₹2,541 crore, boosting its presence in South India. The deal includes operational and under-construction space, with strong occupancy and long leases, reflecting rising institutional confidence in India’s commercial real estate market.
READ MORE
Mindspace Business Parks REIT has made its first-ever acquisition of a third-party commercial office asset, Q-City in Hyderabad’s Financial District, for ₹512 crore. The property, spanning 0.81 million sq ft, will be rebranded as The Square, 110 Financial District. The acquisition boosts the REIT’s portfolio to 37.9 million sq ft, and adds ₹53.5 crore in annualised net operating income.
READ MORE