BENGALURU: Brookfield Asset Management will sell two commercial properties in India to a partnership of its locally listed REIT Brookfield India and Singapore sovereign wealth fund GIC in a deal with an enterprise value of $1.4 billion.
The properties being acquired are in India's financial capital Mumbai, Maharashtra, and Gurugram, a Satellite city of the national capital region.
With this acquisition, Brookfield India REIT's portfolio will expand by 35% in total leasable space and 44% in the operating area.
Brookfield India REIT said the deal will increase its gross asset value to $3.5 billion and the net asset value to $2 billion.
Posted By
Ruchi Mane
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Ruchi Mane is the Senior Editor at Houssed, leading the platform’s real estate news coverage. She tracks trends in India’s luxury property market while overseeing editorial strategy, PR outreach, and social media communication.