Knowledge Realty Trust

Knowledge Realty Trust is a real estate investment trust co-sponsored by Blackstone, the world's largest alternative asset manager, and the Sattva Group, one of India's leading real estate developers. Its portfolio is managed by Knowledge Realty Office Management Services Private Limited (formerly Trinity Office Management Services Private Limited) as investment manager, with Axis Trustee Services Limited acting as trustee. The trust holds 30 Grade A office assets spanning around 46 to 48 million square feet across six cities, including Mumbai, Bengaluru, Hyderabad, Chennai, Gurugram, and GIFT City in Ahmedabad. As of March 2025 it had a gross asset value of about Rs 61,999 crore, making it the largest office REIT in India by that measure and one of the largest globally by leasable area, with occupancy near 90 percent and tenants including several Fortune 500 companies. The trust's fund manager is required to distribute at least 90 percent of net distributable cash flows to unitholders each quarter. Net operating income for FY2025 was about Rs 3,432 crore, and the portfolio has historically been concentrated in Mumbai, Hyderabad, and Bengaluru, which together account for the large majority of revenue.

The trust's anchor book included international institutional investors such as Amundi Funds, the Florida Retirement System, Morgan Stanley, Barclays Multi-Manager Fund, Societe Generale, BofA Securities Europe, and Citigroup Global, alongside domestic institutions including Life Insurance Corporation, NPS Trust, 360 ONE, Nippon Life, Axis Mutual Fund, UTI Mutual Fund, Tata Mutual Fund, WhiteOak Capital, HDFC Life Insurance, Quant Mutual Fund, Kotak Mahindra Life Insurance, and Aditya Birla Sun Life AMC.