Mindspace Business Parks REIT has restructured its senior management to ensure leadership stability and continuity as it enters the next phase of growth. The K Raheja Corp-backed listed entity has appointed Ramesh Nair as CEO, effective September 1, while elevating Vinod Rohira to REIT Board Member.

Rohira will take on a larger role within the group as Managing Director and CEO - Commercial Real Estate, K Raheja Corp, as well as a seat on the Board of K Raheja Corp Homes.

Mindspace Business Parks REIT, sponsored by the K Raheja Corp group, will be listed on Indian stock exchanges in August 2020. The REIT owns office portfolios in four key Indian office markets: 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. It has a diversified tenant base, with over 200 tenants as of June end.