The Economic Times

Bagmane REIT declares Rs 527cr distribution to unitholders for September quarter

Bagmane Prime Office REIT announced a distribution of Rs 527 crore to unitholders for the September quarter. The company leased 1.2 million square feet during this period, achieving a committed occupancy rate of 99 percent. Most of the leasing activity was directed towards Global Capability Centres in Bengaluru, which highlights their preference for quality assets. The average rent achieved was slightly above the prevailing market rates, reflecting strong demand.