First Annual Meeting (“AM”) of the Unitholders of Mindspace Business Parks REIT (“Mindspace REIT”) will be held on Tuesday, June 29, 2021 at 02:00 p.m. IST through Video Conferencing (“VC”) / Other Audio Visual Means (“OAVM”)
Key Metrics
Total Leasable Area
30.2 msf
Total Tenants
160+
Committed Occupancy
84.2%
Gross Contracted Rents from foreign MNCs
82.9%
As on 31st March, 2021
Portfolio
Completed area
23.9 msf
Number of Office Parks
10
Number of Buildings
56
Under Construction & Future Development
6.4 msf
As on 31st March, 2021
Leasing Metrics
Mark-to-Market upside in Rentals
13.8%
Weighted Average lease expiry
6.0 years
Area re-leased to Existing tenants
81.0%
New area leased to existing tenants
35.3%
As on 31st March, 2021
Financial Metrics
Revenue from Operations
16,293 mn
Net Operating Income
13,741 mn
Distribution (H2FY21)
INR 9.59 p.u.
Net Debt to Market Value
14 .0%
As on 31st March, 2021
Performance Snapshot
Gross Leasing (FY21)
3.5 msf
Area Re-leased (FY21)
2.2 msf
Re-leasing spread
19.1%
Average rent for Gross Leasing
INR 69 psf
As on 31st March, 2021
