Mumbai, August, 2025.

Knowledge Realty Trust (“REIT”), India’s largest REIT by Gross Asset Value (“GAV”)* and most geographically diverse office REIT upon listing, has fixed the price band for the Issue at ₹95 to ₹100 per Unit.

The Bid/Issue opens Tuesday, August 05, 2025 and closes Thursday, August 07, 2025. The minimum bid size is ₹15,000, the minimum investment amount. Bids can be made for a minimum of 150 Units and in multiples of 150 Units thereafter by bidders other than Anchor Investors and Strategic Investors.

This comprises a fresh issuance of Units up to ₹4,800 crore by the Knowledge Realty Trust (the “Issue”). This Issue is being made through the Book Building Process and in compliance with the Securities and Exchange Board of India (Real Estate Investment Trusts)  Regulations, 2014 (“REIT Regulations”) and the REIT Master Circular dated July 11, 2025, wherein not more than 75% of the Issue (excluding the Strategic Investor portion) shall be available for allocation on a proportionate basis to Institutional Investors and not less than 25% of the Issue (excluding the Strategic Investor portion) shall be available for allocation to Non-Institutional Investors, in accordance with the REIT Regulations.

The Sponsors to the REIT are Sattva Developers Private Limited and BREP Asia SG L&T Holding (NQ) Pte. Ltd. (a portfolio company of Blackstone Funds). Axis Trustee Services Limited is the Trustee and Knowledge Realty Office Management Services Private Limited (formerly known as Trinity Office Management Services Private Limited) is the Manager to the REIT.

Bijay Agarwal, Managing Director, Sattva Group said: “Over thirty years ago, we started Sattva believing India deserved world-class office infrastructure. Knowledge Realty Trust is the culmination of that vision. Our partnership with Blackstone has been transformative—not just in scale, but in demonstrating how the right collaboration can create something truly exceptional while making premium office real estate accessible to all investors.”

Asheesh Mohta, Senior Managing Director in Blackstone Real Estate said: We are thrilled to launch Knowledge Realty Trust with our long-standing partner Sattva. Blackstone was an early believer in the sector, starting out in 2011 and has since become the largest owner of office in India. Knowledge Realty Trust is a testament to our conviction in the Indian office market and commitment to introducing compelling opportunities to investors”.

Knowledge Realty Trust is expected to be India’s largest REIT in terms of GAV* and NOI*, upon listing. As of March 31, 2025, the portfolio includes 29 Grade A office properties spanning 46.3 msf, consisting of 37.1 msf of completed area and 9.2 msf of under construction and future development area. The assets are strategically located across six cities (Hyderabad, Mumbai, Bengaluru, Chennai, Gurugram, and GIFT City in Ahmedabad) and leased to a diverse tenant roster comprising large multinational corporations, global capability centers and leading domestic firms.

Shirish Godbole, Chief Executive Officer of Knowledge Realty Trust said: "The launch of Knowledge Realty Trust is a significant milestone for India’s office sector. It reflects the operational capabilities and strategic vision of Blackstone and Sattva in building a best-in-class platform tailored to the evolving needs of today’s tenants. We’re excited to enhance India’s growing stature as a global hub for offices and talent."

Lead Managers to the Issue are Kotak Mahindra Capital Company Limited, Axis Capital Limited, BofA Securities India Limited, ICICI Securities Limited, IIFL Capital Services Limited (formerly known as IIFL Securities Limited), JM Financial Limited, Morgan Stanley India Company Private Limited and SBI Capital Markets Limited. Registrar to the Issue is Kfin Technologies Limited. The Units are proposed to be listed on BSE Limited and National Stock Exchange of India Limited