Knowledge Realty Trust REIT Ltd (KRTL)

Knowledge Realty Trust owns and manages a high-quality office portfolio in India, and upon listing, will be the largest office REIT in India based on Gross Asset Value (“GAV”) of ?594,450 million as of September 30, 2024, as well as by Net Operating Income (“NOI”) for H1FY2025 of ?16,323.82 million, and the second largest by NOI for FY2024 of ?28,820.83 million. Knowledge Realty Trust will also be the second largest office REIT in Asia and one of the largest office REITs globally in terms of Leasable Area. The portfolio comprises 30 Grade A office assets totaling 48.1 msf as of September 30, 2024, with 37.1 msf of Completed Area, 2.8 msf of Under Construction Area, and 8.2 msf of Future Development Area. Knowledge Realty Trust expects to be the most geographically diverse office REIT in India upon listing, with portfolio assets spread across 6 cities, which collectively represent more than 87.0% of both India’s office supply and gross absorption from CY2016 to 9MCY2024. With a multi-market geographical presence and assets comprising both front offices and integrated business parks, the portfolio reflects a broad proxy of the Indian office market. The portfolio comprises 6 city-center offices and 24 business parks/centers, with some assets being best-in-class developments in their respective sub-markets and in the country. The portfolio assets house a diversified tenant mix of prominent multinational tenants, including Fortune 500 companies and Global Capability Centers (“GCCs”), as well as leading domestic corporates. The size and scale of the portfolio enable Knowledge Realty Trust to offer comprehensive space solutions with robust infrastructure and wide-ranging amenities that support tenant expansion within these assets. Knowledge Realty Trust was formed in 2024 and is based in Maharashtra, India.