At Mindspace REIT, our focus has always been to give back more to society than what we derive. Our partners and stakeholders see the value we are able to generate by inculcating the sustainability model at the core of our operations, helping us differentiate ourselves.
Our proficiency in active asset management, ability to cultivate long-standing relationships with occupiers and the deployment of optimum capital structure, have collectively helped us in generating strong returns on investment for our unitholders, and we plan to steadily move onwards and upwards.
S1
Target the right set of occupiers and become their partner of choice
- Target the best set of global Fortune 500 occupiers and offer unmatched experience by leveraging the expertise of our in-house property management services
- Engage in constant conversations with occupiers through various tenant engagement initiatives and asses their expansion plan
- Go for new construction and redevelopment of existing assets to cater to new demand in the market
- Use testimonials of existing tenants to target new Fortune 500 Companies and global MNCs
175+
Total tenants
36
New tenants added
73.9%
Leasing to new tenants
S2
Optimize capital structure
- Constantly evaluate opportunities to bring down the cost of borrowing, by employing an optimum mix of debt and equity
- Maintain a diversified blend of funding sources and minimize refinancing risks by having a mix of short-term and long‑term maturities
- Earmark budget for existing asset upgrades that can improve the earnings potential
- Allocate capital towards portfolio expansion via value-accretive organic and inorganic growth opportunities
15.7%
Net debt to Market Value
c.50 bps
Debt cost reduction during FY22
5.0 years
Weighted average maturity of debt
45.9%
Proportion of fixed cost debt
S3
Proactive asset management
and enhancement
- Research the best asset management practices and asset specifications adopted globally
- Undertake periodic asset upgrades to improve rental yields and enhance the life of assets
- Use the expertise of experienced, in-house facility management division to foster and cultivate strong tenant relationships
130+
Experienced in–house facility management team (Camplus)
Received
9 'Sword of Honour' awards
from British Safety Council across seven parks
S4
Sustainability as a
business
philosophy
- Integrate the philosophy of sustainability into the entire value chain of our business ecosystem for long-term value creation
- Continue to drive a responsible business with the highest standards of governance and transparency
- Minimize ecological impact by adopting the best sustainability measures in the assets we construct
- Constantly work towards community and human capital development
67%
Independent Directors on the Board
36
Green buildings
RE100
1st real estate entity from India to join this initiative
30-95%
Potable water saving across green buildings with the optimal use of low-flow fixtures