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Bagmane Prime Office REITNSE: BAGMANEREIT
REIT OVERVIEW

Bagmane Prime Office REIT

Prime Grade-A+ Bengaluru Tech Parks • Sponsor: Bagmane Group & Blackstone • ISIN: INE0BGR25018

CRISIL AAA / ICRA AAA / CARE AAA (Stable)
Current NAV / Unit₹118.20Audited Appraised Value
Gross Asset Value (GAV)₹40,260 CrInstitutional Portfolio
Cumulative DPU (Inception)₹1.50 / unit100% Cash Distributed
Portfolio Footprint19.6 MSF (20.3 MSF Total)Operating Footprint
LTV (Net Debt / GAV)4.0%Balance Sheet Leverage
AUDITED HISTORICAL METRICS

Performance & Asset Evolution

Multi-year operational and financial trajectory

Portfolio Leasable Area (MSF)

Axis (Y): MSF
Pure-Play Bengaluru Tech Hubs: 19.6 MSF footprint in prime corridors (ORR, CV Raman Nagar, Whitefield) with ~47 MSF ROFO pipeline from Bagmane Group.
AUDITED FINANCIAL DISCLOSURES

Comprehensive Historical Metrics Matrix

Year-over-year operational, valuation and cash flow KPIs

2 Reporting Periods
MetricFY25FY26 (Listing)7-Yr Trend / CAGR
Total Portfolio Area (MSF)17.519.6+12.0%
Completed Operating Area (MSF)14.816.6+12.2%
Audited NAV per Unit (₹)₹108.00₹118.20+9.4%
Annualized DPU (₹ / Unit)₹5.20₹5.80₹1.50 (Q1 FY27)
Net Operating Income (NOI ₹ Cr)₹2,150₹2,642+22.9%
Gross Asset Value (GAV ₹ Cr)₹35,500₹40,260+13.4%
Committed Occupancy (%)98.2%98.8%Industry-High 98.8%
WALE (Years)8.28.58.5 Yrs
Loan to Value (LTV %)4.5%4.0%Ultra-Low 4.0%
SPONSOR & INSTITUTIONAL GOVERNANCE

Unitholding Pattern

Audited unitholder structure as of June 30, 2026

Sponsor: Bagmane Group / Raja Bagmane Platform
Sponsor & Promoters74.0%Bagmane Group & Blackstone
Foreign Inst. (FII)16.5%Global PE & Sovereign Funds
Domestic Inst. (DII)5.5%Mutual Funds & Insurers
Public & Retail4.0%HNIs & Retail Investors
Sponsor74%
Category Breakdown
Sponsor & Promoter Group74.0%
Foreign Institutional (FII)16.5%
Domestic Institutional (DII)5.5%
Public & Retail Investors4.0%
PHYSICAL ASSET DIRECTORY

Portfolio Assets Breakdown

Key properties, toll corridors, sub-stations & revenue drivers

5 Core Assets
Asset / Property NameAsset TypeCapacity / FootprintOccupancyKey Counterparties / TenantsGAV Share
Bagmane Tech Park
Bengaluru (CV Raman Nagar / Indiranagar)
Campus Office Park5.2 MSF99.5%Google, Boeing, Dell, Texas Instruments, Motorola28.5%
Bagmane Constellation Business Park
Bengaluru (Outer Ring Road / Marathahalli)
Office Park4.2 MSF98.6%Amazon, Samsung, Qualcomm, ARM25.0%
Bagmane World Technology Center (WTC)
Bengaluru (Outer Ring Road / Mahadevapura)
Office Park3.8 MSF98.2%Nvidia, LinkedIn, Sapient, Volvo22.5%
Bagmane Capital & Solarium City
Bengaluru (Whitefield / KR Puram)
Office & Solar Power Park2.4 MSF97.5%Oracle, Visa, Cisco Systems15.0%
Bagmane Rio & Goldstone
Bengaluru (Outer Ring Road)
Campus Offices1.0 MSF98.0%Marquee Global Capability Centres (GCCs)9.0%