Mindspace Business Parks REIT has restructured its top management to ensure leadership stability and continuity as it enters the next phase of growth.
The K Raheja Corp-backed listed business has appointed Ramesh Nair as CEO, effective September 1, while promoting Vinod Rohira as REIT Board Member.
Rohira will take on a wider responsibility within the group as Managing Director and CEO – Commercial Real Estate, K Raheja Corp, as well as a seat on the Board of K Raheja Corp Homes.
Mindspace Business Parks REIT, sponsored by the K Raheja Corp group, was listed on Indian stock exchanges in August 2020. The REIT has office portfolios in four main Indian office markets: Hyderabad, Pune, Mumbai, and Chennai.
The portfolio comprises a total leasable area of 32.1 million square feet, which includes 25.9 million square feet of completed space, 2.5 million square feet under construction, and 3.7 million square feet of prospective development.
The portfolio includes five integrated business parks and five standalone office assets. It features a diverse tenant base, with over 200 tenants as of the end of June.
At around 12.38 PM, Mindspace Business REIT was trading 0.21% higher at Rs 306.81, against the previous close of Rs 306.16 on NSE.
For feedback and suggestions, write to us at editorial@iifl.com
Related Tags
Invest wise with Expert advice
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Securities Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.