K Raheja Corp-backed Mindspace Business Parks REIT rejigs top management
Mindspace Business Parks REIT has rejigged its senior management to ensure stability and continuity of leadership to drive the next phase of growth. The K Raheja Corp-backed listed entity has appointed Ramesh Nair as Chief Executive Officer, with effect from September 1 while elevating Vinod Rohira to Board Member of the REIT.
Rohira will spearhead a larger role within the group as Managing Director and CEO – Commercial Real Estate, K Raheja Corp; along with a seat on the Board of the residential business-K Raheja Corp Homes.Mindspace Business Parks REIT, sponsored by K Raheja Corp group, listed on the Indian bourses in August 2020. The REIT owns office portfolios located in four key office markets of India including Mumbai Region, Pune, Hyderabad, and Chennai.
The portfolio has a total leasable area of 32.1 million sq ft comprising 25.9 million sq ft of completed area, 2.5 million sq ft of area under construction and 3.7 million sq ft of future development. The portfolio consists of five integrated business parks and five independent office assets.
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