India, March 31 -- Mindspace Business Parks REIT has announced the acquisition of 2.6 million sq ft of Grade A office space in Chennai for about Rs.2,541 crore, the company said in a regulatory filing on March 31.

The REIT will acquire 100% equity stakes in Sycamore Properties and Content Properties, which own the asset, it said.

The acquisition, approved by the board of the REIT manager, will be partly funded through a preferential issue of units worth up to Rs.675 crore, subject to unitholder and regulatory approvals. The deal marks the REIT's second acquisition in Chennai since its listing and is part of its strategy to scale its portfolio across India's key office markets, the company said.Also Read: Mindspace Business Parks REIT re...