2.8 million sq ft space leased by Mindspace Business Parks REIT
Mindspace Business Parks REIT has informed that it has leased 2.8 million sq ft in the last quarter. As per the firm, it achieved record leasing and its Net Operating Income rose by 13.2% to Rs 540 crore for the quarter.
K Raheja Corp-backed REIT has declared a distribution of Rs 392 crore for the quarter, driven by strong demand and rental growth, particularly in Hyderabad.
Also Read: Mindspace Business Parks REIT secures Rs 650 crore from IFC