Archive · 24 Jul 2025
Mindspace REIT Acquires Hyderabad Office Complex for ₹512 Crore
Imagine a company called Mindspace that owns office buildings.
They just bought a big office building in Hyderabad, India.
The building is called 'Q-City' and is huge, about the size of 81 football fields!
Mindspace paid about 512 crore rupees for it.
This is a big deal for Mindspace, and they're excited because the area where the building is located is growing quickly with lots of tech companies.
The company got a bit of a deal, buying the property for less than what it's really worth, making it a good investment.
Mindspace REIT acquired an office complex in Hyderabad for ₹512 crore.
The acquired asset is 'Q-City', a 0.81 million sq ft commercial property.
Ramesh Nair, CEO and MD of Mindspace, stated it was their first major external acquisition.
The property is located in Hyderabad's Financial District, a growing GCC hub.
The acquisition was made at a 11.6% discount to an independent valuation.
- Who
- Mindspace Business Parks REIT.
- What
- Mindspace REIT acquired 'Q-City', an office complex in Hyderabad.
- When
- The deal was announced on Thursday, July 24, 2025.
- Where
- Hyderabad, India, in the Financial District.
- Why
- To expand their portfolio in a growing tech and financial hub.
- Buyer
- Mindspace Business Parks REIT
- Property
- 'Q-City'
- Location
- Hyderabad Financial District
- Size
- 0.81 million sq ft
- Purchase Price
- ₹512 crore
- Discount
- 11.6% off independent valuation
- Cap Rate
- 9.9%