A GLIMPSE INTO MINDSPACE REIT

Continued Momentum through
the Strength of Our Brand

Continued Momentum through the Strength of Our Brand

Mindspace REIT offers a dynamic urban cluster of Grade A integrated business campuses, independent standalone office buildings, and a data center, in the key office submarkets of the Mumbai region, Hyderabad, Pune, and Chennai.

Mindspace's portfolio is valued at `280 billion as of March 31, 2023, with a total leasable area of 32.0 msf, making it one of the largest Grade A office portfolios in India. Mindspace's in-house facility management division creates an enduring experience for tenants and is a facilitator of their operations. Our Facility Management team has in place, well defined processes, which create the most welcoming environment for tenants, boosting efficiency and productivity of their business as a whole.

We run our operations under three brands—'Mindspace', 'Commerzone' and 'The Square'. Our longstanding relationships with our clients enables us to showcase an unparalleled base of over 200 tenants including foreign multinationals,Fortune 500 companies, and domestic tenants.

We continue to generate sustained and ongoing demand for our space, while gaining unique insights into the current and future needs of our tenants and the industry at large. Our FY23 leasing activity is a clear indication of the unmatched appeal of our brand, our proven and capable team, and differentiated spaces.

Mindspace REIT in a nutshell

32.0 MSF

Total leasable area

25.8 MSF

Completed Area

58

Premium buildings across 10 office assets

54

Green buildings

200+

Marquee tenants

` 65.2 PSF

In-place rent

7.0 YEARS

WALE

` 280 BN

Market Value (1) (2)

` 371.9 p.u.

Net Asset Value (1) (2)

97.3%

operational portfolio is green certified


All above figures are as on March 31, 2023.
1. The market value of Mindspace Madhapur is with respect to 89.0% ownership.
2. Based on Valuation by Independent Valuer.

3 marquee brands

Business drivers

Strong Presence in four key office markets in India

Bolstering partnerships with marquee tenants

Prudent fiscal management

On the back of deep real estate expertise and experience

Stable cashflows with sustained growth