Knowledge Realty Trust Company Summary

Knowledge Realty Trust Summary

Knowledge Realty Trust was registered in the Republic of India as contributory, determinate and irrevocable trust on October 10, 2024 at Mumbai, Maharashtra, India under the Indian Trusts Act, 1882 and as a real estate investment trust on October 18, 2024 under the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014.KRT is sponsored by Sattva and Blackstone which is an affiliate of Blackstone, Inc. Sattva Group is one of Indias leading real estate development groups, with experience of more than three decades in developing and operating assets across commercial, residential, co-living (Co-Live) and co-working (Simpliwork), hospitality and design-build for data centers.The Portfolio Assets, Sattva Knowledge City, Sattva Knowledge Park and Portfolio Investment, IMAGE Tower, which is under construction, are located in Raidurg which is a part of IT Corridor-HITEC Cityin Hyderabad. The Portfolio of the Trust comprises 6 city-center offices and 24 business parks/centers, with some of the assets being best-in-class developments in their respective sub-markets and in the country. The Trust has 2 completed Portfolio Assets, Sattva Knowledge City and Sattva Knowledge Park, which are located in IT Corridor-HITEC City and collectively form the largest completed stock in the sub-market as of September 30, 2024. The Trust further works 7 business parks/centers located in the ORR sub-market, the largest office sub-market in India with a stock of 73.0 msf as of September 30, 2024. Some notable metrics of the Portfolio Assets in IT Corridor- HITEC City include: Sattva Knowledge City and Sattva Knowledge Park. Sattva Knowledge Cityis one of the largest business parks in the sub-market with a Leasable Area of 7.3 msf spanning over 30 acres. Sattva Knowledge Park is a recently completed, high-quality Grade A office park with 3.3 msf of Leasable Area. The Portfolio Asset, One BKC, is located in Mumbais BKC sub-market, one of the most sought-after and expensive sub-markets in India. Additionally, the Trust has 3 Portfolio Assets, One World Center, One International Center and One Unity Center, located in the Ext-CBD sub-market.The Trust is planning an IPO by raising funds aggregating upto Rs 6200 Cr Units through fresh issue.