Mindspace Business Parks REIT has leased 4.5 lakh sq ft of office spaces in Q4, bringing its cumulative leasing for the year to 1.6 million sq ft. The REIT has seen strong demand with over 80% of new and pre-leasing by existing occupiers. It re-leased 4 lakh sq ft of office space at a 17.1% higher rent during the quarter. The net operating income grew 10.4% to Rs 473 crore, with a declared distribution of Rs 285 crore.
