Brookfield bridges gap with Blackstone in office property in India

Globally, US-based private equity giant Blackstone is much ahead of rival Brookfield Asset Management in terms of owning office properties.

In this country, however, Toronto-based Brookfield seems to be closing this gap. It has built a portfolio of a little over 24 million sq ft of office property here. New York-based Blackstone owns 78 mn sq ft here, mostly through its joint ventures; however, its share in JVs and own properties comes to 38 mn sq ft.

Globally, Blackstone owns 230 mn sq ft, as against Brookfield’s 131 mn sq ft. 

Even in terms of value of the assets under management, Blackstone overtook