Support: +91-22-61011756 / help@projectstoday.com
Help
1. Boolean Searches :

i. AND - Shows results where both terms on either side of the 'AND' operator are present. 'AND' must be in upper case. For example search term - delhi AND metro result - It will return records in which 'delhi' as well as 'metro' both are present.

ii. OR - Shows results where either term (or both terms) is present. 'OR' must be in upper case. For example search term - delhi OR metro result - It will return records in which either 'delhi' or 'metro' or both are present

2. Proximity Searches

A proximity search looks for terms that are within a specific distance from one another. For example, search term - 'delhi metro'~10 result - It will search for records where 'delhi' and 'metro' are found within 10 words of each other

3. Phrase searches

You can search phrases using double quotes. for e.g. 'delhi metro' result - It will return records where 'delhi metro' phrase is found.

Mindspace Business Parks REIT gets Rs 1,125 cr commitment

Monday, 20 Jul 2020
Share this on :
K Raheja Corp’s Mindspace Business Parks REIT has received commitment worth Rs 1,125 crore from institutional investors including GIC, affiliates of Fidelity Group, Capital Group and Fullerton Group.

With this, the proposed REIT has already received response for 25 percent of the issue size by strategic investors.

Total REIT units proposed to be subscribed by strategic investors will be 4.09 crore and allotted to them at Rs 275 per piece.

Apart from K Raheja Corp, US private equity Blackstone Group is also a stakeholder in the company and both will dilute their respective holdings in this issue.

India’s second REIT is looking to raise Rs 4,500 crore through a fresh issue of Rs 1,000 crore and an offer sale worth Rs 3,500 crore. The issue is scheduled to open on 27 July 2020 and close on 29 July 2020.

Mindspace REITs’ portfolio includes a total leasable area of 29.5 million sq ft with five integrated business parks and five independent offices across Mumbai Metropolitan Region (MMR), Pune, Hyderabad and Chennai.

It comprises 23 million sq ft of completed area, 2.8 million sq ft under construction and 3.6 million sq ft future development space, as on 31 March 2020.

It has leased additional seven lakh sq ft to tenants across various properties since 1 April 2020, including pre-committed 42,567 sq ft area in its under-construction asset in Chennai, Tamil Nadu.

Rents achieved from these new leases are higher than the market rents estimated for the vicinity. As per the revised filing with SEBI, it has completed additional 3.3 million sq ft new offices since its previous filing in 2019.

 
Post Your Comments
 
 
   
 

 

 
  
Sign up to start your free trial

Are you...



REGISTER AND GET STARTER KIT ABSOLUTELY FREE!

Free access to Project News and Analysis

Project and Tender Alert in your mailbox

Explore the largest Database on Projects for free

Be part of Online Projects Community

User login
Start Exploring

Subscribe to any of our premium plans to

Access to complete information on 43000+ projects

Use our Notification service for instant update on projects and tenders

Closely monitor your opportunities with "WORKSPACE"

Use our online platform for promotions of your products and services