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Brookfield to acquire Hiranandani office and retail space

Brookfield Asset Management has bought 4.5 million sqft of office and retail space in Powai for Rs 6,700 crore

Press Trust of India  |  Mumbai 

Global private equity firm, Brookfield Asset Management, has signed an agreement with the Hiranandani Group to acquire its offices and retail space in Powai in the megapolis for a whopping Rs 6,700 crore. Confirming the development, sources from Hiranandani said discussions were on since quite some time and they will close the deal in the next few months. At Rs 6,700 crore, this is one of the largest deals in the commercial space and also of the year. Hiranandani Group, a partnership between brothers Niranjan Hiranandani and Surendra Hiranandani, owns 4.5 million sqft of office and ...

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First Published: Fri, October 07 2016. 12:42 IST
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