1.3 Million sq ft space leased by Mindspace Business Parks REIT
Real estate investment trust (REIT) Mindspace Business Parks REIT has leased office space spread over 1.3 million sq ft during the quarter that ended December. With this, it took its cumulative leasing for the nine-month period to around 3.5 million sq ft.
As per the information provided Net operating income (NOI) for the quarter remained robust at Rs 455.1 crore, up 16.8 percent from a year ago and 4.6 percent sequentially excluding one-time compensation of Rs 18.6 crore received by the REIT from a tenant for termination of letter of intent (LOI).
Also Read: Smartworks Leases 56,000 Sq Ft Office Space In Ahmedabad