Hyderabad, July 24 -- Mindspace Business Parks REIT, a leading owner and developer of a high-quality Grade A office portfolio across four major office markets in India, today announced the acquisition of 100 per cent equity shareholding in Mack Soft Tech Private Limited (MSTPL), which owns 'Q-City'-a commercial asset spanning approximately 0.81 million square feet in Hyderabad's Financial District.
This marks Mindspace REIT's debut in Hyderabad's Financial District, with the transaction valued at Rs 512 crore.
Described as a strategic move, this is Mindspace REIT's first third-party asset acquisition outside its existing Portfolio Parks, underscoring the REIT's focus on long-term growth and value creation for its unitholders, according to...