Mindspace Business Park Riding reports 13% rising net extraction of the fourth quarter to 540 billion GBP. Arennen Ramesh Nair to the MD and CEO

In a regulatory submission, the company announced that Ramesh Nair, who was currently acting as CEO, was appointed in addition to the managing director. His new name, CEO and managing director, is immediately effective and is held for a term of five years.

The company's net operating result (NOI) rose by 8.9% in 2024-25 £2,061.6 crore of £1,895.9 Crore in the previous year. The distribution to the share holder was at £1,312 Crore for 2024-25, an annual growth of 15.5%.

The company recorded 25 gross leasing of 2.8 MSF in the fourth quarter and took cumulative leasing for GJ 25 to 7.6 msf. An entire building under redevelopment at Mindspace Madhapur, Hyderabad with a rentable range of 1.5 MSF, which was presented in a large MNC Global Captive Center, said the company.

The company received a crew certificate for the B4 building in the Gera Commerzone Kharadi, Pune, which is distributed to 1 MSF and was completely presented in a large MNC Global Captive Center. It is actively working on a company worked in the construction pipeline of around 3.7 MSF, said the company.

With regard to the company's acquisition update, the company stated that it had successfully completed its 1st Rofo transaction by having a 100% share participation to Sustain Properties Properties private limited, which houses 1.8 MSF in Commerzone Raidurg, Hyderabad.

The company also completed the acquisition of around 0.26 MSF in Mindspace Madhapur, Hyderabad, to consolidate property in Business Park.

Leadership

In a leadership update, the company said that the Board of Directors of K Raheja Corp Investment Managers PVT said. Ltd., the manager of Mindspace Reit, recently appointed Akshaykumar Chudasama as an additional director in the property of a non -managing independent director. He is the managing partner of Shardul Amarchand Mangaldas & Co.

Ramesh Nair, CEO and MD, said Mindspace Reit: “The financial year25 was a record year for us, our best since the list. £392 Crore, ~ 39% YOY, the highest growth since the listing. The net operating result for the quarter rose by ~ 13% yoy £540 Crore and the committed occupancy rose to 93%2. With 3.6 MSF, previously injured office space of the highest quality remains in our Robust portfolio. “

He said that the company's NAV has grown by 10%, which were accused of increasing rentals in our microm markets, acquisitions and completion of buildings. “We are still optimistic about the long -term prospects for our portfolio, which is underpinned by the quality of our assets, trustworthy tenant relationships and proactive leasing efforts. In addition, we focus on strategic acquisitions and steady development positions for sustainable long -term growth.”

Mindspace Business Parks Riding, sponsored by the K Raheja Corp Group, has office location folios in Mumbai, Pune, Hyderabad and Chennai. The portfolio has a rentable area of ​​37.1 million square foot with an area of ​​30 million square meters, an area under construction of 3.7 million square meters and 3.4 million square foot future development.