Archive · 24 Jul 2025
Mindspace REIT Acquires Hyderabad's Q-City, Expanding Portfolio
Mindspace REIT, a company that owns office buildings, bought a new building in Hyderabad, India.
This is the first time they've bought a building that wasn't already part of their group.
The new building, called Q-City, is in a growing area called the Financial District.
Mindspace paid about 512 Crores for the building, which has lots of office space.
This move is meant to help Mindspace grow and earn more money.
The company is already a big player in the office market in India, and this purchase helps them get even bigger in Hyderabad, where lots of companies are setting up shop.
Mindspace REIT acquired Q-City in Hyderabad's Financial District for INR 512 Crores.
The acquisition marks Mindspace REIT's first third-party asset addition outside its existing portfolio.
The acquired asset, with ~0.81 million sq ft of leasable area, will be rebranded as 'The Square, 110 Financial District'.
The deal strengthens Mindspace REIT's Hyderabad presence to over 16 million sq ft.
The acquisition is expected to benefit from the growing demand in Hyderabad's Financial District.
- Who
- Mindspace Business Parks REIT
- What
- Mindspace REIT acquired Q-City in Hyderabad's Financial District.
- When
- The acquisition was recently completed.
- Where
- Hyderabad's Financial District.
- Why
- To expand its portfolio and capitalize on the growing demand in Hyderabad's Financial District.
Mindspace REIT's Perspective
Market Impact
Growth Strategy
Mindspace REIT's Perspective
Strategic expansion within core markets.
Market Impact
N/A
- Acquisition Price
- c. INR 512 Crores
- Asset Acquired
- Q-City
- Location
- Hyderabad Financial District
- Leasable Area
- ~0.81 million sq ft
- Cap Rate
- c.9.9%
- Tenant Occupancy
- ~65%