Milestones

  • Successful listing as our IPO saw and overwhelming response from both institutional and non-institutional investors
  • Over subscribed 13x (Institutional - 11x & Non Institutional - 16x)

Included in MSCI India Domestic Small Cap Index and various other MSCI and FTSE indices

Commenced Facility Management Division under the brand name ‘CAMPLUS’

Announced distribution of `9.59 per unit for H2 FY21

Entered into an agreement to lease 0.63 msf to Princeton Digital, one of the leading data center operators in Asia at Mindspace Airoli (West), Mumbai Region.

  Certification / Accolades

Received COVID-19 preparedness assurance statement for across 6 assets from British Safety Council

Commercial Project of the Year award by Realty+ Conclave and Excellence Award 2021 to Gera Commerzone Kharadi

  Green Initiatives

Received LEED Gold certification from USGBC for 2 buildings in Commerzone Porur and 1 building in Mindspace Airoli (West)

Environment-Friendly project of the year - Commercial category by 12th Edition of Estate Awards, by Franchise India for Mindspace Airoli (West), Mumbai Region

Most Environment-Friendly Commercial Space 2020 by Region Realty+ Conclave and Excellence Awards 2020 for Mindspace Airoli (West), Mumbai Region and Commerzone Porur, Chennai

Committed to the Climate Group's EV100 Initiative

We have pledged to transition to 100% electric mobility by converting internal park transport to Electrical Vehicles and allowing access to charging infrastructure without any charge to our tenants. This will help accelerate a global shift to clean transport and reduce air pollution in the urban micro-markets of presence. The Climate Group’s global EV100 initiative brings together over 100 international companies committed to making electric transport the new normal by the end of this decade.

Operating Highlights

3.5 msf

Gross Leasing during FY21

 

1.3 msf

New area leasing during FY21


2.2 msf

Area Re-leased during FY21

19.1 %

Re-leasing Spread

Financial Highlights

`13.7 billion

Proforma NOI during FY21

 

`11.5 billion

Amount raised in the form of AAA rated MLDs and NCDs at REIT level during FY21

`5.6 billion

Green Loan at SPV level

`345.5 p.u.

NAV as of March 31, 2021

PORTFOLIO SNAPSHOT

Asset Completed area (msf) Under construction area (msf) Proposed development (msf) Total Leasable Area (msf) Occupancy (%) Committed Occupancy (%) WALE Market Value as of March 2021 (`million)
Value (% of total)
Mindspace Airoli (E) 4.7 - 2.1 6.8 91.2% 91.2% 4.5 42,699 17.3%
Mindspace Airoli (W) 3.5 1.0 0.6 5.1 66.4% 68.5% 6.7 36,474 14.8%
Mindspace Malad 0.7 - - 0.7 70.1% 94.0% 3.3 9,569 3.9%
The Square BKC 0.1 - - 0.1 0.0% 27.4% 3,905 1.6%
Mumbai Region 9.0 1.0 2.7 12.8 78.8% 81.9% 5.1 92,647 37.6%
Gera Commerzone Kharadi 1.3 0.7 0.6 2.6 93.1% 93.1% 11.0 18,899 7.7%
The Square Nagar Road 0.7 0.1 - 0.8 73.4% 100.0% 5.5 8,468 3.4%
Commerzone Yerwada 1.7 - - 1.7 97.4% 99.9% 5.1 19,606 8.0%
Pune 3.7 0.7 0.6 5.0 91.3% 97.5% 7.3 46,973 19.1%
Mindspace Madhapur 10.0 0.1 0.5 10.6 86.6% 88.0% 6.4 90,8281 36.9%
Mindspace Pocharam 0.4 0.2 0.4 1.0 71.1% 71.1% 1.8 2,746 1.1%
Hyderabad 10.4 0.3 0.9 11.6 86.0% 87.4% 6.3 93,574 38.0%
Commerzone Porur 0.8 - - 0.8 5.3% 8.3% 8.3 6,993 2.8%
Chennai 0.8 - - 0.8 5.3% 8.3% 8.3 6,993 2.8%
Facility Management 5,979 2.4%
Portfolio 23.9 2.1 4.3 30.2 81.4% 84.2% 6.0 246,167 100%

1The Market Value of Mindspace Madhapur is with respect to 89.0% ownership of the respective Asset SPVs that own Mindspace Madhapur

Key performance indicators

Strong financials,
robust cash flows

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