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of <h1>Mindspace REIT Acquires Sustain Properties: Expands Hyderabad Portfolio with 18.2 Lakh Sq Ft Office Complex for Rs 2,038 Crore</h1> Mindspace Business Parks REIT has acquired Sustain Properties, which owns an 18.2 lakh sq ft office complex in Hyderabad, for an enterprise value of Rs 2,038 crore. The acquisition involves taking full equity in Sustain Properties at Rs 613 crore, with shareholders receiving units in Mindspace REIT. The transaction, expected to conclude by March, includes a debt of Rs 1,400 crore. The office space, leased to Qualcomm, enhances Mindspace REIT's portfolio. Mindspace REIT recently reported an 8% rise in net operating income and declared a distribution of Rs 5.32 per unit for its unitholders.
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