Archive · 25 Jul 2025
Mindspace REIT Acquires Hyderabad Asset, Expanding Portfolio
Mindspace Business Parks REIT, a company that owns office spaces, bought a building called 'Q-City' in Hyderabad, India.
This is the first time they've bought a building that wasn't already part of their existing group of properties.
The deal cost about 512 crore rupees.
They plan to rename the building 'The Square, 110 Financial District'.
This move helps them grow in Hyderabad, a city where many companies are looking for office space.
The company's boss said this is a big step for them and that the new building is in a good area where there's a lot of demand.
Mindspace REIT acquired 'Q-City', a commercial asset in Hyderabad's Financial District.
The acquisition marks Mindspace REIT's first third-party asset addition outside its portfolio.
The transaction, valued at c. INR 512 Crores, expands Mindspace REIT's presence in Hyderabad.
The acquired asset, c. 0.81 million square feet, will be rebranded as 'The Square, 110 Financial District'.
The acquisition aligns with the company's strategy to capture demand in a growing market.
- Who
- Mindspace Business Parks REIT
- What
- Mindspace REIT acquired the 'Q-City' commercial asset.
- When
- Not explicitly mentioned in the article.
- Where
- Hyderabad's Financial District, India
- Why
- To strengthen its presence and capture market demand in Hyderabad.
- Acquired Asset
- Q-City
- Location
- Hyderabad Financial District
- Transaction Value
- c. INR 512 Crores
- Asset Size
- c. 0.81 million square feet
- Acquiring Entity
- Horizonview Properties Private Limited
- New Name
- The Square, 110 Financial District