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.Since April 2020, Trust completed 7.4 msf of acquisitions across 5 projects. It completed the construction of 9.7 msf across 8 projects, including 1.6 msf which were acquired as brownfield developments over the same period. Apart from this, Trust further works 7 business parks/centers located in the ORR sub-market, the largest office sub-market in India with a stock of 75.0 msf as of March 31, 2025. Some notable metrics of the Portfolio Assets in IT Corridor- HITEC City include: Sattva Knowledge City and Sattva Knowledge Park. Sattva Knowledge City is one of the largest business parks in the sub-market with a Leasable Area of 8.1 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.As of May 31, 2025, the Sattva Group has constructed approximately 78 msf of real estate in India across 7 cities (Bengaluru, Mumbai, Hyderabad, Kolkata, Pune, Goa and Jaipur). Of this, the Sattva Group completed approximately 46 msf across 74 commercial projects and approximately 32 msf across 50 residential projects. Blackstone, through its various real estate funds, owns and operates office space of approximately 170 msf globally as of March 31, 2025. Blackstone is Indias largest office landlord owning an office portfolio of approximately 84 msf comprising of sole/joint ownership assets as of March 31, 2025. The Trust raised the aggregate of Rs 4,800 Crore Units by way of initial public offering by issuing 480,000,000 Units through fresh issue in August, 2025.