MINDSPACE.RR: Acquisition of two Chennai office assets for INR 5,500 crore boosts portfolio scale and NOI

About this update from Mindspace Business Parks Reit

Two institutional-grade office assets in Chennai's PTR corridor were acquired for INR 5,500 crore, expanding the portfolio to 6.3 million sq ft and making the acquirer a top office owner in the city. The deal is expected to deliver a 15% NOI uplift by FY 2026, with full stabilization targeted within 18 months.Based on This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

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