Mindspace Business Parks REIT, backed by Mumbai-based real estate firm K Raheja Corp and private equity firm Blackstone Group, has filed its final offer document with markets regulator Securities and Exchange Board of India (SEBI) on July 17 to launch its public issue to raise up to Rs 4,500 crore ($599 million).
Mindspace has leasable area of 29.5 million square feet in prime locations at Mumbai, Pune, Hyderabad and Chennai.
Mindspace Business Parks REIT will only be the second of its kind in India, after the success of Embassy Office Parks REIT, which listed in April 2019.
