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flag Mindspace REIT acquires 2.6M sq ft office campus in Chennai for ₹2,541 crore.

flag Mindspace Business Parks REIT has acquired a 2.6 million sq ft office campus in Chennai for ₹2,541 crore from its sponsor, K Raheja Corp. flag The asset, Commerzone Pallikaranai, includes 1.4 million sq ft of completed space and 1.2 million sq ft under development, with Shell as a major anchor tenant. flag The deal, partially funded by a ₹675 crore preferential issue, expands the REIT's portfolio to 41.6 million sq ft and raises its Chennai share to 9%.

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