Mumbai, November 28, 2023: Mindspace Business Parks REIT (BSE: 543217 | NSE: MINDSPACE) (‘Mindspace REIT’), owner and developer of quality Grade A office portfolio located in four key office markets of India, has received nine Sword of Honour Awards for each of its assets that have received Five Star Rating by British Safety Council’s Occupational Health and Safety Audits. The recognition spans seven assets, collectively encompassing an expansive operational area exceeding 24msf. The audit was conducted to assess the safety and health of the asset portfolio. These prestigious awards reflect Mindspace REIT’s unwavering commitment to safety and health of occupants across its diverse asset portfolio.

India, Mumbai, October 17, 2023: Mindspace Business Parks REIT (BSE: 543217 | NSE: MINDSPACE) (‘Mindspace REIT’), owner and developer of quality Grade A office portfolio, becomes the first Indian Commercial Real Estate entity to be adjudged ‘Global Listed Sector Leader’ in 2023 Global Real Estate Sustainability Benchmark (GRESB) for Office Development Benchmark. The REIT also ranked 1st in Asia, and places it 1st out of 9 in India, in the ‘Listed Companies Category’ for commercial business development.

In a pioneering move, Mindspace Business Parks REIT leveraged ‘Implosion Technology’ for a rapid transformation of its landscape, demolishing two aged structures at Mindspace Madhapur in a matter of seconds on September 23rd. This revolutionary technique, a first in Hyderabad, replaced the conventional months-long demolition process with a swift and controlled implosion, facilitating the creation of a cutting-edge sustainable hub spanning 1.6 million square feet.

Executed in collaboration with Edifice Engineering and Jet Demolition, the project aligned seamlessly with Mindspace REIT’s commitment to ‘building sustainable ecosystems.’ The precise implosion not only showcased engineering prowess but also significantly reduced environmental impact and disruptions to nearby clients and communities. The new structure, designed to attain LEED Platinum Rating and Wellness Certification Standards, stands as a testament to Mindspace REIT’s dedication to a greener, forward-thinking business environment.

Mindspace Business Parks REIT successfully acquired 0.24 msf at Commerzone Porur, Chennai, consolidating complete ownership. Valued at INR 1,816 Mn, the strategic move expands Mindspace REIT’s leasable portfolio to 32.3 msf. Negotiations for 45,000 sq. ft. with a multinational client are underway, affirming the company’s commitment to premium real estate offerings.