Mindspace Business Parks REIT Net Operating Income Grows
Mindspace Business Parks REIT owner and developer of quality Grade A office portfolio located in four key office markets of India, reports results for the quarter ended June 30, 2023. Speaking on the results, Vinod Rohira, Chief Executive Officer, K Raheja Corp Investment Managers Private Limited, Manager to Mindspace REIT said, “India had emerged as a key hub in global service sector value chain for providing cutting-edge technology support services at a very attractive cost base. This coupled with the growth of domestic Indian companies has kept demand for non-SEZ Grade A office spaces strong. As the committed occupancy of our portfolio has started getting converted into occupancy, its impact on NOI growth is visible in the 13.8% YoY growth. While our operational and financial performance has continued to remain healthy, we remain watchful of the impact of evolving economic environment.” Mindspace REIT has disclosed the following information pertaining to the financial results and business performance (i) Unaudited condensed standalone and unaudited condensed consolidated financial statements for the quarter ended 30 June 2023 and (ii) earnings presentation covering Q1 FY24 results.
Tags : Mindspace Business Parks REIT owner developer quality Grade A office portfolio office markets India Vinod Rohira Chief Executive Officer K Raheja Corp Investment