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Chief Minister Devendra Fadnavis on Friday said asset manager Brookfield Properties is set to invest over USD 1 billion to create a global capability centre (GCC) facility in the state. Fadnavis said he held discussions with key Brookfield executives, and they've zeroed in on creating a 2 million sq ft GCC facility, which will be the largest in Asia, and perhaps the world as well. The facility will create over 15,000 direct jobs and support another 30,000 jobs indirectly, Fadnavis said. "It (investment) will be more than USD 1 billion. One single project will create 45,000 jobs," Fadnavis told reporters on the sidelines of an event here. A formal agreement between the government and the asset manager will be filed in due course, he added. In May this year, Brookfield Asset Management aims to more than triple its assets under management in India to USD 100 billion over the next five years. Overall, the firm's AUM in India, where it has been present for 15 years, is around USD 30 .
Brookfield India Real Estate Trust (BIRET) on Tuesday said it is planning to acquire 7.7 million sq ft of commercial assets in Bengaluru for Rs 13,125 crore to expand business. This will fall in related party transaction and is proposed to be done at arm length basis, the company said. In a regulatory filing on Tuesday, the company said the Board of Directors of Brookprop Management Services Pvt Ltd, which is the manager of BIRET, approved the acquisition of up to 100 per cent of the issued and paid-up equity share capital of Arliga Ecoworld Business Parks Pvt Ltd at an acquisition price of Rs 1,31,250 million from the existing shareholder of Ecoworld SPV. The existing shareholders of Ecoworld SPV are BSREP III New York FDI I (DIFC) Ltd (including its nominee, BSREP III New York II (DIFC) Limited), forming part of the Brookfield group. "Building on our strong inorganic growth track record, we announced the proposed acquisition of Ecoworld, which is a 48-acre, 7.7 million square fee
Brookfield India Real Estate Trust has posted 13 per cent increase in its net operating income to Rs 498.6 crore for the first quarter of this fiscal year and announced plans to raise up to Rs 1,000 crore through issue of preferential units to investors. Its Net Operating Income (NOI), which is revenue from operation minus direct operating expenses, stood at Rs 439.9 crore in the year-ago period, according to a regulatory filing on Friday. The company, an institutionally managed real estate investment trust (REIT) backed by rent-yielding office assets, announced distribution of Rs 319 crore to unitholders (Rs 5.25 per unit) for June quarter of 2025-26 fiscal. Brookfield India REIT also plans to raise up to Rs 1,000 crore through issue of preferential units to investors. It will issue up to 3.23 crore units at Rs 310 per unit. "The fiscal year began on a strong note with healthy leasing momentum, robust occupancy levels, and continued growth in distributions," said Alok Aggarwal, .
Brookfield India Real Estate Trust on Tuesday reported a 16 per cent increase in net operating income to Rs 488.5 crore and announced a distribution of Rs 319 crore to unitholders for the latest quarter ended March. Its Net Operating Income (NOI) stood at Rs 422 crore in the year-ago period. The company announced the distribution of Rs 319.1 crore (Rs. 5.25 per unit) to its unitholders for the March quarter, 10.5 per cent higher than the fourth quarter of the 2023-24 fiscal, according to a regulatory filing. During the full 2024-25 fiscal, the NOI grew by 37 per cent to Rs 1,854 crore from Rs 1,350 crore in the preceding year. The company declared total distributions of Rs 1,053.7 crore (Rs 19.25 per unit) in the last fiscal, an increase of 8.5 per cent than 2023-24 financial year. "Our fiscal 2025 has been a remarkable all-round performance, delivering strong leasing, double-digit same-store growth, higher distributions, and a marquee acquisition," said Alok Aggarwal, CEO and ...
US-based Brookfield Corp on Tuesday divested a 5.13 per cent unit holding in Brookfield India Real Estate Trust (BIRET) for Rs 883 crore through open market transactions. According to the bulk deal data on the BSE, Brookfield through its two affiliates -- BSREP India Office Holdings Pte and BSREP India Office Holdings IV Pte, part of the sponsor group of BIRET -- sold nearly 3.12 crore units or 5.13 per cent unit holding in Mumbai-based REIT. The units were disposed of in the price range of Rs 283-283.04 per unit, taking the combined transaction value to Rs 883 crore. Brookfield India Real Estate Trust is a 100 per cent institutionally managed office REIT (Real Estate Investment Trust), sponsored by Brookfield Asset Management, one of the world's largest alternative asset managers. Meanwhile, 360 ONE Portfolio Managers and 360 ONE Prime together picked up 1.18 crore units, amounting to a 1.94 per cent unit holding in BIRET. The units were purchased at an average price of Rs 283 a
Brookfield India Real Estate Trust has raised Rs 3,500 crore by selling units to institutional investors through QIP issue mainly to reduce debt. In a regulatory filing on Friday, the company said it has successfully completed a capital raise of Rs 3,500 crore through a qualified institutional placement (QIP) of units. The issue was launched on December 9. The issue saw strong demand from long-term investors including a mix offerings from institutions, mutual funds, and life insurance companies. "The issue marked the first REIT investments in India from the International Finance Corporation (part of the World Bank group) and Life Insurance Corporation of India," Brookfield India REIT said. Other anchor investors included SBI Mutual Fund and ICICI Prudential Mutual Fund. The total demand secured from investors was over Rs 5,200 crore, of which Rs 3,500 crore was allotted. The funds raised will be used primarily for reduction of debt. The Issue Committee of the Board of Directors