BIRET.NSE

Brookfield India Real Estate Trust - Unit

Brookfield India Real Estate Trust has raised Rs 3,500 crore by selling units to investors and will use this amount to fund the acquisition of a property in Bengaluru.

Brookfield India REIT has successfully raised Rs 3,500 crore through a qualified institutional placement. This capital will partly finance the REIT's acquisition of Ecoworld, a significant office campus in Bengaluru. The deal marks the largest REIT acquisition in India. The placement saw strong subscription from both domestic and global investors, including major financial institutions.

The inaugural bond issuance, set to raise ₹3,500 crore, will support Brookfield’s acquisition of a significant office campus in Bengaluru

The Brookfield India REIT portfolio consists of 29.1 million square feet of total leasable area, comprising 24.6 million square feet of operating area, 0.6 million square feet of under construction area, and 3.9 million square feet of future development potential.

Brookfield India Real Estate Trust is on the verge of enhancing its business landscape with a notable asset acquisition in Bengaluru. By committing Rs 13,125 crore for 7.7 million square feet, BIRET is making its mark in a major office hub, amplifying its REIT size by more than a third.

Brookfield India Real Estate Trust is acquiring Ecoworld, a large office campus in Bengaluru, for Rs 13,125 crore. This move significantly expands the REIT's portfolio and establishes it as a pan-India player. The acquisition is funded through debt, cash, and new equity. The deal is expected to boost the REIT's net asset value and distribution per unit.

The proposed deal, involving Arliga Ecoworld Business Parks, will be executed on an arm’s-length basis and marks BIRET’s entry into one of India’s strongest office markets

With over 26 years of experience across real estate and technology, Kundnani played a pivotal role in strengthening Brookfield’s India business. She steered marketing and client engagement across its pan-India commercial portfolio and was instrumental in elevating Brookfield India REIT’s brand presence.

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