Shardul Amarchand Mangaldas advises K. Raheja Corp sponsored Mindspace Business Parks REIT on its first third party acquisition – Q City, an IT Park in Hyderabad, Telangana

August 6, 2025

Shardul Amarchand Mangaldas & Co. acted as legal counsel to Mindspace Business Parks REIT for acquisition of Q-City, an IT Park based in Hyderabad, Telangana through acquisition of 100% shareholding of Mack Soft Tech Private Limited, an Indian subsidiary of the Quinn Group based out of Ireland.

 

This acquisition is the first third party acquisition by Mindspace Business Parks REIT outside its Portfolio Parks.

 

The transaction was led by Nikhil Naredi – Partner, and Abhishek Parekh – Partner, and the deal team comprised of Natalee Nanda – Partner, Akshath Vidyanath – Senior Associate, and Divya Venkatramani – Associate.

 

 The corporate due diligence team was led by Abhishek Parekh – Partner, Natalee Nanda – Partner, Akshath Vidyanath – Senior Associate, Divya Venkatramani – Associate, and Stuti Singh – Associate.

 

The real estate due diligence was led by Bhoumick Vaidya – Partner and Asmita Hegde – Senior Associate. They also advised on the real estate aspects of the transaction.

 

Rohit Tiwari – Partner and Saloni Tyagi – Principal Associate advised on the capital markets aspects of the transaction.

 

Rohan Arora – Partner and Varalika Mendiratta – Associate advised on the competition law aspects of the transaction.

 

Arthur Cox LLP acted as the legal advisors to Mindspace Business Parks REIT on the Irish law aspects of the transaction; and EY acted as the tax and financial advisors