Mindspace REIT to acquire 2.6-million-sq-ft Chennai IT park for Rs 2,541 cr

Mindspace Business Parks REIT is acquiring a large IT park in Chennai for over Rs 2,500 crore. This deal adds 2.6 million square feet to its portfolio. The acquisition strengthens Mindspace REIT's presence in Chennai, a key growth market. The park features a strong tenant base and ongoing construction. This move marks a significant expansion for the REIT.