{"id":8492,"date":"2020-11-23T10:11:23","date_gmt":"2020-11-23T10:11:23","guid":{"rendered":"https:\/\/cfi.co\/awards\/?p=8492"},"modified":"2020-11-23T10:37:52","modified_gmt":"2020-11-23T10:37:52","slug":"mindspace-best-real-estate-ipo-india-2020","status":"publish","type":"post","link":"https:\/\/cfi.co\/awards\/asia-pacific\/2020\/mindspace-best-real-estate-ipo-india-2020\/","title":{"rendered":"Mindspace: Best Real Estate IPO India 2020"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-8493\" src=\"https:\/\/cfi.co\/awards\/wp-content\/uploads\/2020\/11\/Mindspace.jpg\" alt=\"Mindspace\" width=\"400\" height=\"211\" srcset=\"https:\/\/cfi.co\/awards\/wp-content\/uploads\/2020\/11\/Mindspace.jpg 400w, https:\/\/cfi.co\/awards\/wp-content\/uploads\/2020\/11\/Mindspace-300x158.jpg 300w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><\/p>\n<p style=\"text-align: justify;\">Mindspace Business Parks is sponsored by entities forming part of K Raheja Corp group which has been part of the Indian office Real Estate story since over 2 decades and is built on solid founding principles that shape its sustainable evolution. It was around 25 years ago that K Raheja Corp group embarked on its mission to create premium business destinations across key geographies of India. <span style=\"text-decoration: underline;\"><strong><a href=\"https:\/\/www.mindspacereit.com\" target=\"_blank\" rel=\"noopener noreferrer\">Mindspace Business Parks REIT<\/a><\/strong><\/span> was set up in late 2019, and acquired the portfolio from K Raheja Corp group entities in 2020, with its IPO.<\/p>\n<p style=\"text-align: justify;\">The portfolio constitutes office assets located in four key office markets of India &#8211; Mumbai Region, Pune, Hyderabad and Chennai. It has a total leasable area of 29.5 msf, offering good infrastructure and amenities, and is one of the largest Grade A office portfolios in India. It has a portfolio that comprises of five integrated business parks and five independent office assets. It has a diversified and high-quality tenant base, which includes the likes of Accenture, Qualcomm, Barclays amongst other marquee names.<\/p>\n<p style=\"text-align: justify;\">Tenants benefit from the Parks\u2019 modern technology infrastructure and amenities, including eateries, childcare services, recreational gardens and sports facilities. The Mindspace commitment to promoting a healthy work-life integration is well received by its tenants \u2014 of whom c. 84 percent are multinationals.\u00a0 The assets provide a community-based ecosystem and have been developed to meet the demands of \u2018new age businesses\u2019.<\/p>\n<p style=\"text-align: justify;\">The entity has implemented various sustainability initiatives, focusing on clean energy and recycling. Mindspace REIT views business in India as a marathon, not a sprint.<\/p>\n<p style=\"text-align: justify;\">The REIT owns more than 50 buildings, with a pipeline of new developments to fuel future growth. Mindspace REIT got listed on the Indian stock exchanges in August 2020. The IPO was oversubscribed c. 13 times backed by marquee international and domestic investors. The CFI.co judging panel announces Mindspace Business Parks REIT as the winner of the 2020 award for Best Real Estate IPO (India).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mindspace Business Parks is sponsored by entities forming part of K Raheja Corp group which has been part of the Indian office Real Estate story since over 2 decades and<\/p>\n","protected":false},"author":1,"featured_media":8494,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[3,11,53],"tags":[72,63,106,135],"class_list":["post-8492","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-finance","category-front","tag-india","tag-ipo","tag-real-estate","tag-reit"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.6 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Mindspace: Best Real Estate IPO India 2020 - CFI.co<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cfi.co\/awards\/asia-pacific\/2020\/mindspace-best-real-estate-ipo-india-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mindspace: Best Real Estate IPO India 2020\" \/>\n<meta property=\"og:description\" content=\"Mindspace Business Parks is sponsored by entities forming part of K Raheja Corp group which has been part of the Indian office Real Estate story since over 2 decades and\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cfi.co\/awards\/asia-pacific\/2020\/mindspace-best-real-estate-ipo-india-2020\/\" \/>\n<meta property=\"og:site_name\" content=\"CFI.co\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CapitalFinanceInternational\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-23T10:11:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-11-23T10:37:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cfi.co\/awards\/wp-content\/uploads\/2020\/11\/Mindspace-thumb.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"349\" \/>\n\t<meta property=\"og:image:height\" content=\"218\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"marten\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CFIMagazine\" \/>\n<meta name=\"twitter:site\" content=\"@CFIMagazine\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"marten\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/cfi.co\/awards\/asia-pacific\/2020\/mindspace-best-real-estate-ipo-india-2020\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cfi.co\/awards\/asia-pacific\/2020\/mindspace-best-real-estate-ipo-india-2020\/\"},\"author\":{\"name\":\"marten\",\"@id\":\"https:\/\/cfi.co\/awards\/#\/schema\/person\/e3ad9b01223c3a8168d49fc9b884a909\"},\"headline\":\"Mindspace: Best Real Estate IPO India 2020\",\"datePublished\":\"2020-11-23T10:11:23+00:00\",\"dateModified\":\"2020-11-23T10:37:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cfi.co\/awards\/asia-pacific\/2020\/mindspace-best-real-estate-ipo-india-2020\/\"},\"wordCount\":319,\"image\":{\"@id\":\"https:\/\/cfi.co\/awards\/asia-pacific\/2020\/mindspace-best-real-estate-ipo-india-2020\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cfi.co\/awards\/wp-content\/uploads\/2020\/11\/Mindspace-thumb.jpg\",\"keywords\":[\"India\",\"IPO\",\"Real Estate\",\"REIT\"],\"articleSection\":[\"Asia Pacific\",\"Finance\",\"FRONT\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cfi.co\/awards\/asia-pacific\/2020\/mindspace-best-real-estate-ipo-india-2020\/\",\"url\":\"https:\/\/cfi.co\/awards\/asia-pacific\/2020\/mindspace-best-real-estate-ipo-india-2020\/\",\"name\":\"Mindspace: Best Real Estate IPO India 2020 - 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