Archive · 28 Nov 2025
Mindspace REIT Acquires Three Assets for ₹2,916 Crore
Mindspace REIT, a company that owns office buildings, bought three new properties from K Raheja Corp.
These properties are in Mumbai and Pune and have a total area of 0.8 million square feet.
The deal cost ₹2,916 crore, and it will help Mindspace REIT make more money from these buildings.
The new properties have big companies as tenants and are in very popular business areas.
This purchase will make Mindspace REIT's total property value go up by 7.6%, and it will also increase the company's income.
The company's boss, Ramesh Nair, is happy because these new buildings are high-quality and will help the company grow.
Mindspace REIT acquired three assets from K Raheja Corp at an enterprise value of ₹2,916 crore.
The assets occupy 0.8 million square feet of leasable area with a gross asset value of ₹3,106 crore.
Post-acquisition, Mindspace REIT’s portfolio will rise to 39 msf, and GAV will increase 7.6% to ₹44,126 crore.
The acquisition is expected to boost net operating income by 9% or ₹226 crore in FY26 and distribution per unit by 1.7%.
The assets include commercial towers in Worli, Mumbai, and office buildings in Pune and Mumbai’s Bandra Kurla Complex.
- Who
- Mindspace Business Parks REIT
- What
- Acquisition of three assets from K Raheja Corp
- When
- November 28, 2025
- Where
- Mumbai and Pune, India
- Why
- To enhance prime office portfolio and expand footprint in key business districts
- Enterprise Value
- ₹2,916 crore
- Purchase Consideration
- ₹1,820 crore
- Leasable Area
- 0.8 million square feet
- Gross Asset Value
- ₹3,106 crore
- Portfolio Increase
- 39 msf
- GAV Increase
- 7.6% to ₹44,126 crore
- Expected NOI Boost
- 9% or ₹226 crore in FY26
- DPU Increase
- 1.7%
- Front-Office Contribution Rise
- 7.9%
- Loan-to-Value Ratio
- 24.7%
