Mindspace REIT at a glance

A responsible growth
story built on
prudence and trust

Mindspace REIT welcomes you to the
future of efficient and equitable workspaces

Mindspace REIT – Pioneer of world-class business districts

Mindspace REIT, a pioneer in shaping world‑class business districts, has grown with a vision of being a responsible leader, creating enduring experiences for all its stakeholders. The entity's growth has been about embracing change, to invigorate creativity and innovation.

With high emphasis on built-to-suit facilities, Mindspace REIT has a heterogenous portfolio combining Grade A integrated business districts and independent office buildings spread across premium commercial micro-markets of Mumbai Region, Hyderabad, Pune, and Chennai.

Endorsed by prestigious corporates, global MNCs and Fortune 500 companies, the portfolio is valued at ` 264 billion, with safety, prudence, sustainability, and governance at its core. Each asset in the portfolio offers the right mix of bespoke workspaces with a modern design philosophy, keeping in mind the evolving urban and sustainable needs of tenants and their workforce.

As diverse tenants get back to the physical workplace, they seek conscious, safe, and aesthetic spaces that treasure the physical and mental wellbeing of their new‑age workforce.

At Mindspace REIT, we are cognizant of these needs and a bigger corporate purpose as we strive to responsibly build engaging, community-based ecosystems to create lasting value.

Quick facts

31.8 msf

Total Leasable Area

24.2 msf

Completed Area

57

Premium buildings across 10 office assets

36

Green buildings

175+

Marquee tenants

` 61.7 psf

In-place rent

6.9 years

WALE

` 264 bn

Market Value (1)(2)

` 364.9 pu

Net Asset Value

3

Marquee brands

Note:
All above figures are as on March 31, 2022.
1. The Market Value of Mindspace Madhapur is with respect to 89.0% ownership
2. As valued by Independent Valuer

Business drivers

Leverage across four key Indian office markets

Bolstering partnerships with marquee tenants

Prudent fiscal management

On the back of expertise and experience

Stable cashflows with sustained growth

Mindspace REIT at a glance

Sustainable pillars of growth

Mindspace REIT has always been ahead of the curve in identifying the upcoming trends in premium business spaces that cater to the ever evolving needs of global employers and their millennial workforce. This has been the driving principle, in curating community-based, ecosystems that are dynamic, smart and guided by the pillars of sustainability.

Financial discipline

We always prioritise our approach towards financial management by ensuring comfortable leverage, generating free cash flow and ensuring long-term value creation for our unit holders.

6.7%

Distribution yield (Annualized)

15.7%

Net Debt to Market Value

Robust portfolio

The Mindspace REIT portfolio encompasses finest assets that are sustainably built and curated to provide an engaging experience for our tenants. Our reach across important micro-markets is reflective of a strong portfolio that provides strategic value created on tenant retention and addition and footprint expansion. We continue to explore strategic value-accretive organic and inorganic opportunities to strengthen our presence.

31.8 msf

Total leasable area

4.5 msf

Gross leasing

Our human capital

We invest in our people and care deeply about our human and intellectual resources. We value the expertise our dynamic team brings in and celebrate the diversity they offer.

3,400+ hours

Training hours (All trainings including functional, behavioral and ESG)

Valued partnerships and community initiatives

We work closely with our stakeholders, business partners and tenants alike to forge an engaging and mutually beneficial partnership.

We also believe in nurturing and empowering our communities, especially women and children, through education, training, upskilling, and reskilling.

175+

Total Tenants

5,900+

Students benefited from ‘Room to Read’, and “Deeds Public Charitable Trust”, literacy initiatives supported by Mindspace REIT

Owning our actions

As a responsible corporate citizen, it is our mission to constantly work towards judiciously using natural resources and adopting smart and sustainable practices across our properties. We are committed to the sustenance needs of our future generations and have made sustainability a way of work and life at Mindspace REIT. We strive to create a meaningful impact on the ecology by adopting efficient practices like electric mobility, energy and water conservation, renewable energy etc.

1.8 MW

Installed capacity of Solar PV

Commitment to 100% renewable energy usage by 2050

Committed to 100% electric mobility within the parks

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