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Mindspace REIT acquires 2.6M sq ft office campus in Chennai for ₹2,541 crore.
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.
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.
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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Mindspace REIT adquiere un campus de oficinas de 2,6 millones de pies cuadrados en Chennai por ₹ 2,541 millones.