Community based ecosystem to meet
the demands of "new age businesses"
High Safety and Quality Standards
Overview: Mindspace Business Parks REIT
Total Leasable Area
30.2msf
Under-Construction
Area
2.1 msf
Completed
Area
23.9
msf
Future Development
Area
4.3
msf
Special Purpose
Vehicles (SPVs)
08
Office Assets
10
Spread across
Mumbai Region, Hyderabad, Pune and Chennai
Largely operates under
Mindspace, Commerzone and The Square Brands
As on 31st March, 2021
What We Do
Our portfolio comprises five integrated business parks and five quality independent offices, totalling 30.2 msf of total leasable area, comprising 23.9 msf of completed area, 2.1 msf of under-construction area and 4.3 msf of the future development area, as of 31st March, 2021.
Our Portfolio
- Mindspace Airoli East, Mindspace Airoli West, Paradigm Mindspace Malad and The Square, Avenue 61 (BKC) in Mumbai Region
- Mindspace Madhapur and Mindspace Pocharam in Hyderabad
- Commerzone Yerwada, Gera Commerzone Kharadi and The Square Signature Business Chambers (Nagar Road) in Pune
- Commerzone Porur in Chennai
Our IT and office spaces are distinguished by their scale and infrastructure. They are located in the established micro-markets of their respective portfolio markets, with proximity and/or connectivity to major business, social, and transportation infrastructure. We believe that our portfolio assets allow us to attract large, quality tenants and position us as the ‘landlord of choice’ for large multinational clients who have a pan-India presence.
As of 31st March, 2021, our portfolio is well diversified with 164 tenants and no single tenant contributed more than 6.7% of our Gross Contracted Rentals. Our tenant base comprises a mix of multinational and Indian corporates.
Sponsor
Anbee Constructions LLP (“ACL”) and Cape Trading LLP (“CTL”) are the Sponsors of the Mindspace Business Parks REIT. Both ACL and CTL form part of the K Raheja Corp Group.
K Raheja Corp Business Overview
Office
Developed >25.7 msf
Hospitality
3,000+ operational keys
Malls
5 malls
Residential
Developed residential spaces across 3 key cities
Retail
Leading retail platform with 280 stores across India
Notes:
All the data mentioned here is as on 31st March, 2021
To know more about K Raheja Corp Group
Trustee
Axis Trustee Services Limited is the Trustee of Mindspace REIT. The Trustee is a registered intermediary with SEBI under the SEBI Debenture Trustee Regulations, as a debenture trustee having registration number IND000000494. As the Trustee, it ensures compliance with statutory requirements and believes in ethical standards and best practices in corporate governance. It aims to provide best services in the industry with its well trained and professionally qualified staff. The Trustee is involved in varied facets of debenture and bond trusteeships, including, advisory functions and management functions. The Trustee also acts as a security trustee and is involved in providing services with respect to security creation, compliance and holding security on behalf of lenders.
Axis Trustee Services Limited
The Ruby, 2nd Floor, Senapati Bapat Marg, Dadar (West), Mumbai 400028
Tel: +91 22 6230 0451 | E-mail: debenturetrustee@axistrustee.com
Website: www.axistrustee.com
Manager
K Raheja Corp Investment Managers LLP is the Manager of the Mindspace Business Parks REIT (Mindspace REIT). The Manager shall be responsible for managing the assets and investments of the Mindspace REIT and undertaking operational activities of the Mindspace REIT in accordance with the SEBI (Real Estate Investment Trust) Regulations, 2014 and the Investment Management Agreement.
Mindspace REIT Structure
Growth Strategy
Portfolio with stable cash flow & strong growth
Awards & Accolades
'British Safety Councils Five Star rating in the Five Star Occupational Health and Safety Audit for following Complexes in the year 2020 – 21'
By British Safety Council
Mindspace Airoli West, Mindspace Airoli East, Commerzone Pune, Mindspace, Madhapur Hyderabad
'Sword of Honour for outstanding commitment to Health and Safety for following Complexes in the year 2020 - 21'
By British Safety Council
Mindspace Airoli West, Commerzone Pune
'Best Commercial Project of the Year - Gera Commerzone Kharadi'
By Realty Plus Conclave & Excellence Awards
Mindspace Gera Commerzone Kharadi
'Environment friendly project of the year '
By Estate Awards
Mindspace Business Parks, Airoli West (Mindspace REIT)
'Mindspace: Best Real Estate IPO India 2020'
By CFI.co
Mindspace Business Parks REIT Projects
'Seal Environmental Sustainability Initiative Award for Mindspace Business Parks'
By Seal
Mindspace Business Parks
'British Safety Council Covid-19 Assurance Statements'
By British Safety Council
Mindspace Airoli West,
Mindspace Airoli East, Mindspace Hyderabad,
Commerzone Pune, The Square, Pune, Paradigm, Malad
'Environment Friendly Commercial Space Award for Mindspace Business Parks'
By Realty Plus Conclave & Excellence Awards
Mindspace Airoli (West), Commerzone Porur
'Mindspace, Airoli East bagged the Award for the 'Best Environment-Friendly Office Space'
By The Economics Times
Mindspace Airoli East
'British Safety Council's Five Star rating for Mindspace Airoli'
By British Safety Council
Mindspace Airoli (East)
'Mindspace, Airoli West received the Award for ‘Best Commercial Project of the Year'
By Realty Plus Conclave & Excellence Awards
Mindspace Airoli (West)
Best Sustainable Project Commercial – Mindspace Business Park, Airoli, Navi Mumbai
By Golden Brick Award
Mindspace Airoli (East)
IGBC Green Campus certification of Gold Rating
By Indian Green Building Council
Mindspace Madhapur
Commerzone Pune - Best Commercial Business Park
By Realty Plus Conclave and Excellence Awards 2018 - Pune
Commerzone Yerwada
'K Raheja Corp's Mindspace – Airoli East' wins the 'Times Realty Icons 2017 Award' for Iconic Business Park
By Times Group
Mindspace Airoli (East)
IGBC'S LEED India Core and Shell Gold for Mindspace Building no. 9, Airoli, Navi Mumbai
By Indian Green Building Council
Mindspace Airoli (East)
Received the LEED Platinum Certificate for Kharadi, Pune
By Indian Green Building Council
Gera Commerzone Kharadi