Archive · 24 Jul 2025
Mindspace REIT Acquires Q-City for ₹512 Crore
Mindspace REIT, a company that owns office buildings, bought a building called Q-City from Mack Soft Tech for a large sum of money.
Q-City is located in a busy business area and has lots of office space.
Mindspace plans to rename the building 'The Square, 110 Financial District'.
This purchase helps Mindspace grow its business in Hyderabad, which is a popular spot for big companies, especially those in technology.
The company hopes to attract more businesses as the area continues to grow.
This acquisition is a significant step in expanding their presence in a key commercial market.
Mindspace REIT acquired Mack Soft Tech Private Limited.
The acquisition includes the 'Q-City' property, spanning 0.81 million sq ft.
The purchase price for Q-City was ₹512 crore.
Post-acquisition, Mindspace's portfolio expands to 37.9 million sq ft.
The acquired asset will be rebranded as 'The Square, 110 Financial District.
- Who
- Mindspace REIT and Mack Soft Tech Private Limited
- What
- Mindspace REIT acquired Mack Soft Tech and Q-City.
- When
- Published on July 24, 2025
- Where
- Hyderabad, India
- Why
- To expand Mindspace REIT's portfolio and capitalize on growing demand in the Hyderabad market.
- Acquired Company
- Mack Soft Tech Private Limited
- Acquired Asset
- Q-City
- Purchase Price
- ₹512 crore
- Asset Size
- 0.81 million sq ft
- Mindspace Portfolio (Post-Acquisition)
- 37.9 million sq ft
- Location
- Financial District, Hyderabad
- Rebranding
- The Square, 110 Financial District