February 20, 2024

Mindspace Enterprise Parks REIT, sponsored by the Okay Raheja Corp group, was listed on the inventory exchanges in August 2020.

Mindspace Enterprise Parks REIT on Monday reported a 16 per cent improve in its consolidated internet revenue to Rs 146.8 crore for the most recent December quarter and introduced distribution of Rs 285 crore to unitholders, primarily within the type of dividends. Its internet revenue stood at Rs 126.5 crore within the year-ago interval. Its internet revenue stood at Rs 126.5 crore within the year-ago interval.

In keeping with a regulatory submitting, the entire revenue rose to Rs 610.8 crore within the October-December interval of this fiscal from Rs 560.4 crore a 12 months in the past. The corporate additionally introduced a distribution of Rs 4.80 per unit aggregating to Rs 284.6 crore, which includes a dividend of Rs 4.29 per unit totalling Rs 254.4 crore, curiosity of Rs 0.50 per unit aggregating to Rs 29.7 crore and different revenue of Rs 0.01 per unit, aggregating to Rs 60 lakh.

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The corporate additionally introduced a distribution of Rs 4.80 per unit aggregating to Rs 284.6 crore, which includes a dividend of Rs 4.29 per unit totalling Rs 254.4 crore, curiosity of Rs 0.50 per unit aggregating to Rs 29.7 crore and different revenue of Rs 0.01 per unit, aggregating to Rs 60 lakh. The Board of Administrators of Okay Raheja Corp Funding Managers Pvt Ltd, supervisor to Mindspace Enterprise Parks REIT, authorised the proposed acquisition and time period sheet to be entered in regards to the acquisition of sure items measuring leasable space of 42,000 sq ft in Commerzone Yerwada Park, located at Yerwada, Samrat Ashok Path, Off Airport Street, Pune, by Mindspace Enterprise Parks, one of many Asset SPVs of Mindspace REIT, for a consideration Rs 41 crore.

The board additionally authorised the “initiation and related issues in regards to the means of divestment of land parcel admeasuring roughly 26 acres, together with the constructions thereon at Mindspace Pocharam, located at Pocharam Village, Ghatkesar Mandal, Ranga Reddy District, Telangana”. After the method, the submitting stated an in depth proposal shall be positioned earlier than the Board for its consideration. Mindspace Enterprise Parks REIT, sponsored by the Okay Raheja Corp group, was listed on the inventory exchanges in August 2020.

It owns workplace portfolios within the Mumbai Area, Pune, Hyderabad, and Chennai. The portfolio has a complete leasable space of over 32 million sq. ft. Mindspace Enterprise Parks REIT, sponsored by the Okay Raheja Corp group, was listed on the inventory exchanges in August 2020.