Mindspace REIT own a quality office portfolio located in four key office markets of India, namely Mumbai, Hyderabad, Pune and Chennai. Mindspace Madhapur and Mindspace Airoli East are the largest business parks in their respective Portfolio Markets.
As of June 30, 2019, their Portfolio is well diversified with 173 tenants and no single tenant contributed more than 8.7% of their Gross Contracted Rentals out of which approximately 34.8% Rental is from Fortune 500 companies.
Their tenant base comprises a mix of multinational and Indian corporates, including affiliates of Accenture, Qualcomm, BA Continuum, JP Morgan, Amazon, Schlumberger, UBS, Capgemini, Facebook, Barclays and BNY Mellon, as on June 30, 2019.
They have maintained consistently high Occupancy and achieved Committed Occupancy of 97.2%
Mindspace REIT Strengths
- Diversified and quality tenant base
- Stable cash flows and strong growth potential.
- Presence in four key office markets of India
- Strong Backing by KRC Group