Mindspace REIT has achieved a historic milestone by becoming the first entity in India to score a perfect 100/100 in the Global Real Estate Sustainability Benchmark (GRESB) for Office Development. This achievement earned them the title of 'Global Sector Leader.' Mindspace REIT now stands as the top company in Asia and India's commercial business development sector, surpassing nine listed competitors. GRESB, a respected independent organization in Environmental, Social, and Governance (ESG) performance data and benchmarks, has endorsed Mindspace REIT's commitment to transparency, innovation, and sustainable growth. They also received a 5-star rating for the second consecutive year and demonstrated excellence in the standing investment benchmark.
On October 18, Mindspace REIT made a historic announcement, solidifying its position as a trailblazer in the Indian commercial real estate sector. The real estate investment trust proudly became the first entity in India to achieve a perfect score of 100/100 in the office development benchmark, earning the prestigious title of 'Global Sector Leader' in the 2023 Global Real Estate Sustainability Benchmark (GRESB) for Office Development Benchmark.
This remarkable feat has not only propelled Mindspace REIT to the top of the list in Asia but has also placed it at the pinnacle of the commercial business development sector in India, securing the first position among nine listed companies in the category.
GRESB, an independent organization specializing in providing verified Environmental, Social, and Governance (ESG) performance data and peer benchmarks, has played a pivotal role in elevating Mindspace REIT's reputation in the industry. This recognition by GRESB is an essential endorsement that showcases the transparency, dedication, innovation, and sustainable growth commitment of Mindspace REIT to all its stakeholders.
For the second consecutive year, Mindspace REIT has received a prestigious 5-star rating, reaffirming its leadership position by securing a perfect 100/100 score in the development benchmark. Additionally, the REIT demonstrated its excellence with a remarkable score of 91/100 in the standing investment benchmark, ranking sixth among its real estate peers across Asia, while maintaining its 5-star rating.
This remarkable accomplishment encompasses the entire 32.1 million square feet portfolio of Mindspace REIT. This achievement is a testament to the REIT's commitment to sustainability and its dedication to providing top-tier commercial real estate offerings. Mindspace REIT's stellar performance in the 2023 GRESB benchmark not only showcases its leadership in the industry but also sets a remarkable precedent for sustainable development in the Indian commercial real estate sector.
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