Bengaluru, Jan. 29 -- Mindspace Business Parks REIT has acquired 1.82 million sq. ft of office space at Commerzone Raidurg, a Grade A commercial asset in Hyderabad's Madhapur locality, for Rs.2,038 crore to expand its rent-yielding portfolio.

The real estate investment trust (Reit) acquired 100% equity shareholding in Sustain Properties Pvt. Ltd, a subsidiary of its sponsor K Raheja Corp. The office space in the building is currently leased to Qualcomm's global capability centre (GCC).

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The acquisition follows the right of first offer (ROFO) agreement between Mindspace REIT and the sponsors.

A Reit is a trust that owns a pool of income-generating co...