STRATEGIC PORTFOLIO

One of the largest Grade A office portfolios in India

Located strategically in established
office micro-markets

32.0 MSF(1)

Total Leasable Area

` 280 BN

Total Market Value


    Total Leasable Area

    Market Value

% split by Total Leasable Area
1. Comprises 25.8 msf Completed Area, 2.5 msf of Under-Construction Area and 3.7 msf Future Development Area


25.8 MSF

Completed area

89.0 %

Committed occupancy

89.1 %

Same store committed occupancy

`65.2 PSF

In-place rent

8.3 %

Mark to Market Potential(2)

7.0 YEARS

WALE


One of the

LARGEST GRADE A

office portfolios located in strategic micro-markets

Mindspace Airoli (East) and Mindspace Madhapur are the

LARGEST BUSINESS PARKS

in respective markets


Portfolio market value mix (%)(1)

Portfolio market value mix (%)(1)

1. Above information is as on March 31, 2023
2. Market Rent of ` 70.6 psf considered for calculating MTM potential (basis valuer estimates)

Portfolio snapshot

Asset 1. Mindspace Airoli (E) 2. Mindspace Airoli (W) 3. Paradigm, Mindspace Malad 4. The Square BKC 5. Gera Commerzone Kharadi 6. The Square Nagar Road 7. Commerzone Yerwada 8. Mindspace Madhapur 9. Mindspace Pocharam  10. Commerzone Porur Portfolio
Completed area (msf) 4.7 4.9 0.7 0.1 1.9 0.7 1.7 9.5 0.6 0.9 25.8
Under construction area / Proposed development (msf) 0.8 0.3 - - 1.0 0.1 - 3.6 0.4 - 6.2
Total Leasable Area (msf) 5.6 5.2 0.7 0.1 2.9 0.8 1.7 13.1 1.0 0.9 32.0
Occupancy (%) 88.3% 70.0% 97.9% 100.0% 86.7% 100.0% 98.4% 89.1% 37.5% 33.4% 83.4%
Committed Occupancy (%) 88.3% 70.7% 97.9% 100.0% 100.0% 100.0% 99.9% 95.4% 37.5% 93.5% 89.0%
WALE (years) based on area 4.6 9.7 3.2 8.7 9.4 4.6 4.5 7.6 1.8 9.3 7.0
In-place base rents (psf) 57.3 58.4 94.2 240.0 77.3 74.2 71.7 63.1 22.2 64.4 65.2
Market Value (INR Mn) 45,213 44,865 10,582 4,653 33,153(1) 9,223 19,389 1,02,656(2) 2,327 8,205 2,80,265
Total Market Value (%) 16.1% 16.0% 3.8% 1.7% 11.8% 3.3% 6.9% 36.6% 0.8% 2.9% 100%

 

Note: All values are as on March 31, 2023.

  1. Includes value of Facility Management Division
  2. Market Value of Mindspace Madhapur is with respect to 89.0% ownership of Mindspace REIT in respective Asset SPVs

Mindspace Airoli (E),

Mumbai Region

1

Mindspace Airoli (W),

Mumbai Region

2

Paradigm Mindspace Malad,

Mumbai Region

3

The Square, Avenue 61 (BKC),

Mumbai Region

4

Gera Commerzone Kharadi,

Pune

5

The Square Signature Business

Chamber, Pune

6

Commerzone Yerwada,

Pune

7

Mindspace Madhapur,

Hyderabad

8

Mindspace Pocharam,

Hyderabad

9

Commerzone Porur,

Chennai

10