Directionally, like the thought process behind the acquisitions in partnership with GIC. It would take a while for the NOI growth to translate into increase in DPU for unitholders, so no instant benefit. Plus there has been dilution of units (normal for REITs)
- Adds scale in operating lease area
- Expands presence in the financial hub of Mumbai
- Diversification of tenant base in terms of sector (for BFSI now) and client concentration
- Increases liquidity of units as large DIIs have now come in (mutual funds etc.)
- Occupancy is now in mid 60%. Not sure whether WFH and flexi work will make it reach 90%
Increase in scale
Tenant diversification
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