Stock Report

Mindspace REIT receives 5 Star GRESB Rating in Development Benchmark

Posted On : 2022-10-19 16:02:36( TIMEZONE : IST )

Mindspace REIT receives 5 Star GRESB Rating in Development Benchmark

Mindspace Business Parks REIT (BSE: 543217 | NSE: MINDSPACE) ('Mindspace REIT'), owner and developer of quality Grade A office portfolio, has achieved 5-Star rating, scoring 94 out of 100 and has been ranked 4th in Asia Office, in the Development Benchmark. The entity has achieved 4-Star rating scoring 81 out of 100 in Standing Investment Benchmark. The ratings are an outcome of the 2022 Global Real Estate Sustainability Benchmark assessment, the leading global environmental social and governance ("ESG") benchmark for real estate and infrastructure investments globally.

Mindspace REIT has performed well across the Environment, Social and Governance components which highlight commitment to stakeholder engagement, inclusive growth, best-in-class environment practices and robust corporate framework. Mindspace REIT's emphasis on strong ESG policies and exceptional risk management framework, were well recognized by the GRESB assessment, which is reflected in its final scores.

Sebastien Roussotte, CEO of GRESB said, "Looking at this year's benchmark, the industry's embrace of ESG continues to be reflected in our strong participation numbers and increased data coverage, signalling that real assets investors and managers alike remain steadfast in their commitment to sustainability."

Speaking on the occasion, Mr. Vinod Rohira, Chief Executive Office of MSREIT, said, "Our constant efforts towards integrating ESG into each square foot of our developments, has led us to emerge as one of the most highly rated developers in Asia. Our growth has always been backed by responsible business practices, that are designed to be sustainable. This rating recognizes not just our initiatives, but also considers stakeholders' confidence and contribution towards achieving our ESG purpose. Our GRESB performance bolsters confidence in our unitholders and stakeholders, and we thank them for continuing to stay invested in our growth story."

Shares of Mindspace Business Parks REIT was last trading in BSE at Rs. 367.98 as compared to the previous close of Rs. 366.41. The total number of shares traded during the day was 290 in over 82 trades.

The stock hit an intraday high of Rs. 367.98 and intraday low of 363.30. The net turnover during the day was Rs. 106188.00.

Source : Equity Bulls


MindspaceBusinessParksREIT InvIT INE0CCU25019 MINDSPACE 5Star Rating AsiaOffice