Tag: Real estate investment trust

Mindspace Business Parks REIT on Saturday said it had acquired 0.24 million square feet (msf) of the leasable area at Commerzone Porur, Chennai, for  ₹181.6 crore, including transaction costs. Mindspace Business Parks REIT on Saturday said it had acquired 0.24 million square feet (msf) of the leasable area at Commerzone Porur, Chennai, for ₹181.6 crore, including transaction costs. This strategic acquisition helps Mindspace REIT consolidate its ownership in the project, per a company statement.Mindspace REIT, through its Asset SPV, now owns 100 per cent of the project with a total leasable area of 1.1 msf....