~ Achieves a perfect score of 100/100 in the Development Benchmark with 5-Star rating

~ Sector Leader titles across Development and Standing Investments

Mumbai: Mindspace Business Parks REIT (BSE: 543217 | NSE: MINDSPACE) (‘Mindspace REIT’), owner and developer of quality Grade A office portfolio, has once again been recognised as a GRESB Sector Leader across both the Development and Standing Investments benchmarks. This recognition is based on the GRESB Score and identifies the highest-scoring entities within each sector, region and nature of ownership. In the 2026 GRESB Development Benchmark, the REIT achieved a perfect score of 100 out of 100, securing the no. 1 position across the Office/Asia, Office/Listed and Asia/Listed categories, and was named Global Sector Leader, Global Sector Leader – Listed and Regional Sector Leader. The REIT also ranked 1st within its predefined peer group of 12 entities in India and secured a 5-Star GRESB rating.

Mindspace REIT’s Development score reflects full points across the assessed management and development practices, including ESG governance, policies, risk management, stakeholder processes and sustainability measures applied to development activities. The REIT has been recognised as a Global Sector Leader in the Development Benchmark for four consecutive years, while maintaining near-perfect development scores over this period and improving from 99.5 in 2023 to 100 in 2026.

In the Standing Investments benchmark, Mindspace REIT achieved a score of 94.2 out of 100, securing a 5-Star rating and the Regional Sector Leader – Listed and Global Sector Leader – Listed titles. The recognition marks an improvement from Regional Sector Leader in the previous year to Global Sector Leader in 2026. The score also improved from 93.0 in 2025 and has risen from 91.2 in 2023, reflecting continued progress in the assessment of its operational portfolio.

Key Highlights:

  • Perfect Development score of 100/100, with a 5-Star GRESB rating.
  • Three Development Sector Leader titles: Global Sector Leader, Global Sector Leader – Listed and Regional Sector Leader.
  • Ranked #1 across Office/Asia (1 of 16), Office/Listed (1 of 13) and Asia/Listed (1 of 38).
  • Ranked #1 among 12 entities in the India Office peer group.
  • Standing Investments recognised as Global Sector Leader – Listed and Regional Sector Leader – Listed, advancing from Regional Sector Leader to Global Sector Leader in 2026, with a score of 94.2/100 and a 5-Star rating, up from 93.0 in 2025.
  • Perfect Management Score of 30/30 in both Development and Standing Investments.
  • 99.9% of the portfolio covered by green-building certifications, including Standing Investments and Development projects.
  • 91% of the completed portfolio is Green Building certified with Platinum rating.
  • 50.4% renewable energy share in the total operational energy mix in FY2026.
  • 100% diversion of construction waste from landfill.
  • Science Based Targets initiative (SBTi) validation of Mindspace REIT’s emissions-reduction targets under its buildings-sector criteria during FY2026.

Mr. Ramesh Nair, CEO & MD, Mindspace REIT, said, “The real test of sustainability is how effectively it translates into the way buildings are designed, developed and operated. These recognitions, reflects the consistency of our sustainability approach across our portfolio. At Mindspace REIT, we are working across these stages to reduce the environmental impact of our portfolio, from assessing embodied carbon in new developments to improving operational energy performance. Our focus on resource efficiency, responsible development and science-based climate targets is central to building a portfolio that remains resilient as environmental expectations and business needs evolve.”

The results follow the integration of sustainability practices across Mindspace REIT’s development and operational portfolio. During FY2026, all new acquisitions were assessed through Environmental and Social Due Diligence, with the process also applicable to upcoming acquisitions. All new development projects are subject to embodied carbon assessments through project-level life-cycle assessments, while sustainable design measures include on-site renewable-energy systems.

The REIT’s operational sustainability initiatives include assessing all LEED Operations and Maintenance-certified buildings through Arc Energy Performance Scores. Its emissions-reduction targets were validated by SBTi under its buildings-sector criteria during FY2026, supporting a science-based approach to decarbonisation.