Acquires Q-Metropolis, c. 0.81 Million Sq. Ft Workplace Asset, unfold throughout 6-Acres Enters Hyderabad’s Monetary District with c. INR 512 Crores Worth Accretive Deal Acquisition at c. 11.6% low cost to Unbiased Valuation; 9.9% implied Cap Price
Mumbai, July 24, 2025 – Mindspace Enterprise Parks REIT (BSE: 543217 | NSE: MINDSPACE) (‘Mindspace REIT / MREIT’), proprietor and developer of high quality Grade A workplace portfolio situated in 4 key workplace markets of India, broadcasts the acquisition of 100% fairness shareholding in Mack Gentle Tech Non-public Restricted (“MSTPL”), holding ‘Q-Metropolis’, a c. 0.81 million sq. ft industrial asset in Hyderabad’s Monetary District. This marks the REITs’ entry into Hyderabad’s Monetary District, with the transaction valued at c. INR 512 Crores. This strategic acquisition is Mindspace REITs’ 1st third occasion asset addition, outdoors its Portfolio Parks and reinforces its dedication to long-term development and worth creation for unitholders.
The transaction has been undertaken by means of Horizonview Properties Non-public Restricted, an Asset SPV of Mindspace REIT. The asset shall be rebranded as ‘The Sq., 110 Monetary District’ (2).
The deal strengthens Mindspace REIT’s Hyderabad presence to over 16 million sq. ft, in mixture. Hyderabad is one in all India’s most coveted industrial markets, characterised by excessive GCC demand, minimal institutional-grade emptiness, and robust tenant desire. With this acquisition, Mindspace REIT enters Monetary District, a promising workplace market of Hyderabad with sturdy medium to long run potential.
Talking on the acquisition, Mr. Ramesh Nair, CEO and MD of Mindspace Enterprise Parks REIT stated, “We’ve simply closed our first massive exterior acquisition, a decisive milestone in Mindspace REIT’s development journey. The campus, situated within the Monetary District, additional strengthens our foothold in Hyderabad.
The market is India’s hottest GCC hub, now dwelling to greater than 350 world functionality centres and the nation’s fastest-growing tech and BFSI expertise base. It additionally deepens our presence in a core metropolis we all know effectively.
With institutional-quality provide extraordinarily tight and just about no main investment-grade property in the marketplace, the timing is good. As Madhapur and HITEC Metropolis strategy capability, world occupiers are migrating westward within the metropolis, and our acquisition positions us to seize this demand.
Securing the property at a 11.6% low cost to an impartial valuation and a gorgeous c. 9.9 % cap fee demonstrates our disciplined capital deployment and dedication to long-term worth for unitholders. That is how we develop – strategically, selectively, and with conviction.”
Transaction Highlights
Asset Overview:
- Leasable space of ~0.81 million sq. ft, situated in Monetary District, Hyderabad
- Situated reverse the U.S. Consulate and inside 1 km from the upcoming Wipro Circle metro station
- Presents good last-mile connectivity, with proximity to Nehru Outer Ring Highway and Airport
- At the moment ~65% occupied, the asset stands to realize from Mindspace REIT’s sturdy tenant community and asset enhancement experience, driving faster lease-up of the steadiness house
Strategic Portfolio Growth:
- Will increase Hyderabad portfolio to >16 million sq. ft
- Aligns with Mindspace REIT’s technique to develop in present core markets
- Entry into Monetary District, an rising micro-market in Hyderabad
- Madhapur leases have risen to INR 90–100 per sq. ft resulting from restricted provide and robust demand
- Rental arbitrage with Madhapur positions Monetary District to profit from demand spillover
Monetary Highlights:
- Gross Acquisition Value of c. INR 496 Crores, implying a capital worth of INR 6,130 per sq. foot
- 11.6% low cost to impartial valuation; Enticing implied cap fee of c. 9.9%1
- Proforma NOI of INR c. 53.5 Crores on stabilised foundation; implied development of c. 2.6% to FY25 MREIT NOI
- Acquisition funded by debt
Publish-Acquisition Portfolio Metrics:
- Portfolio measurement to develop from c. 37.1 msf to c. 37.9 msf
- Gross Asset Worth (GAV) will increase from c. INR 36,647 Crores(3) to c. INR 37,143 Crores
- Mortgage-to-Worth (LTV) ratio marginally will increase from 24.3%(3) to 25.1%
- Worth accretive transaction, growing NAV (Internet Asset Worth) by INR 1.8 per unit
- Sufficient debt headroom accessible for additional development
Hyderabad has emerged as India’s most vibrant GCC hub, dwelling to over 350 world functionality centres and the nation’s fastest-growing ecosystem of tech and BFSI innovation. Fuelled by a deep expertise pool and progressive state insurance policies, town continues to draw marquee world occupiers.
The Monetary District, as soon as a government-led imaginative and prescient, has developed right into a premier enterprise hall with sturdy expressway connectivity, increasing metro entry, and world-class infrastructure. International leaders reminiscent of Amazon, Google, Apple, Microsoft, Infosys, Wipro, TCS, and Honeywell already anchor within the micro-market.
As unabsorbed demand shifts from Madhapur and HITECH Metropolis to Monetary District and Gachibowli, resulting from restricted provide and robust workplace demand, Hyderabad’s Western Hall is firmly positioned for the following decade of GCC development. This transaction is totally aligned with Mindspace REIT’s technique of disciplined growth inside its core markets.
About Mindspace Enterprise Parks REIT
Mindspace Enterprise Parks REIT, sponsored by Okay Raheja Corp group, listed on the Indian bourses in August 2020. The REIT owns high quality workplace portfolios situated in 4 key workplace markets of India, specifically Mumbai Area, Pune, Hyderabad, and Chennai, and is without doubt one of the largest Grade-A workplace portfolios in India.
The portfolio has a complete leasable space of 37.9 msf comprising of 30.8 msf of accomplished space, 3.7 msf of space beneath development and three.4 msf of future growth. The portfolio consists of 5 built-in enterprise parks and seven high quality impartial workplace property with superior infrastructure and facilities.
It has a diversified and high-quality tenant base, with over 260 tenants. A lot of the buildings within the portfolio are both Gold or Platinum Inexperienced Constructing Licensed (IGBC/LEED). The property present a community-based ecosystem and have been developed to satisfy the evolving requirements of tenants, and the calls for of ‘new age companies’, making it amongst the popular choices for each multinational and home companies. To know extra go to www.mindspacereit.com
