Mindspace Office Parks REIT - Strong Revival In Physical Occupancy Will Drive New RFPs: Nirmal Bang

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Nirmal Bang Report.We recently attended the analyst meet arranged by Mindspace Office Parks real estate investment trust. We remain optimistic and our optimism about the company is in sync with the management’s opinion on demand recoverability in the commercial segment on the back of higher offshoring by global captive centres and technology companies. The key takeaways from the analyst meet are:strong ramp-up in physical attendance since April 2022,leasing demand outlook is strong, with ~25 million square feet of request for proposals in the market,under construction data centre at Airoli West with a leasable area of ~0.315 million sqft is fully leased out,applied special economic zone denotification for building five at Airoli West to attract more tenants,ramping up construction activities at Pune and Airoli should aid rental income,Mindspace is in the process of evaluating the acquisition of right of first offer assets across cities such as Hyderabad, Chennai and Navi Mumbai,adopting environmental, social and governance framework in construction attracts more client attention..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Mindspace Office Parks REIT - Strong Revival In Physical Occupancy Will Drive New RFPs: Nirmal Bang

Mindspace Office Parks REIT - Strong Revival In Physical Occupancy Will Drive New RFPs: Nirmal Bang

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