Bagmane Prime Office REIT

Bagmane Prime Office REIT is a real estate investment trust that owns and operates premium Grade A+ commercial office parks in Bengaluru, Karnataka. Its portfolio spans six office parks with a total built-up area of about 20.3 million square feet, of which roughly 19.6 million square feet is leasable. Leasing this space to corporate occupiers is the trust's primary source of revenue. The portfolio was reported at 98.8 percent committed occupancy as of 31 December 2025, and its tenant roster of more than 60 occupiers includes large multinational and Fortune 500 companies. The assets sit in established micro-markets of Bengaluru, and the sponsor group behind them brings roughly three decades of experience in developing and managing large-format office campuses in the city. As a REIT, the vehicle is structured to hold income-generating commercial property and pass the rental cash flows through to its unitholders. Long-dated leases, typically running several years, are intended to give the portfolio relatively steady and visible rental collections, while the concentration of high-quality tenants in a single strong office market shapes both its earnings profile and its risk exposure.

The REIT raised about Rs 1,149.75 crore from anchor investors ahead of the issue, allotting roughly 11.50 crore units at Rs 100 per unit. The anchor book drew large institutions, including SBI Pension Funds, SBI Life Insurance, UTI Mutual Fund, Kotak, Quant Mutual Fund, White Oak, Edelweiss and Max Life.