Page 2 - Brookfield Reit

Brookfield India REIT to raise Rs 400 crore via preferential issue

Brookfield India Real Estate Trust will garner Rs 400 crore by issuing units to sponsor group entity Project Diamond Holdings on preferential basis and also plans to raise up to Rs 750 crore through issue of commercial papers to finance acquisition of two commercial assets in Gurugram and Mumbai. In May, Brookfield India REIT and Singapore's GIC announced an equal partnership to acquire two commercial properties in India for USD 1.4 billion or Rs 11,225 crore. To fund this acquisition, Brookfield India Real Estate Trust had earlier this week raised Rs 2,305 crore by selling units to institutional investors on private placement basis. According to a regulatory filing on Friday, the board of Brookprop Management Services Pvt Ltd approved issuance of up to 1,26,96,800 units of Brookfield India REIT at a price of Rs 315.04 per unit to Project Diamond Holdings (DIFC) Ltd on a preferential basis for consideration other than cash. Brookprop Management Services Pvt Ltd is the manager to ..

Brookfield India REIT opens issue to raise Rs 3,500 cr by selling units

Brookfield India Real Estate Trust has opened its issue to raise up to Rs 3,500 crore by selling units to institutional investors on private placement basis to fund acquisition of two assets in Gurugram and Mumbai. In a regulatory filing, Brookprop Management Services Pvt Ltd, which is manager to Brookfield India REIT, informed that the issue committee of its board of directors approved the opening of the issue on July 27 for receiving bids. The panel approved and adopted the preliminary placement document and the application form in connection with the issue. It also approved the floor price of Rs 265.79 per unit, the filing added. The filing did not mention the number of units offered for sale. Last month, the unitholders had approved raising of funds through an institutional placement of units not exceeding Rs 3,500 crore in one or more tranches. The committee took note of the letter from BSREP II India Office Holdings II Pte Ltd (a member of the sponsor Group) expressing their

Office space emerging as darling of private equity investors in India

Office space is getting the lion's share of investments by PE investors into the sector, experts suggest this trend is likely to continue in the coming months

BIRET-GIC to acquire 2 assets from Brookfield funds for $1.4 billion

This is a first-of-its-kind partnership In India between a listed REIT (real estate investment trust) and a global institutional investor

Strong leasing activity to benefit Real Estate Investment Trusts

But slowdown in the US and rising interest rates could pose risks

Brookfield India REIT proposes to raise up to Rs 5,000 cr via sale of units

The units will be issued at a price not less than the rate to be determined in accordance with Sebi's guidelines for REIT

Brookfield Reit declares Rs 170 cr payout in Q4, Rs 690 cr for FY22

The company has seen a 22% increase in income from lease rentals in Q4

Brookfield REIT's net drops 12% to Rs 60 cr in Q3, revenue down 8%

Announces a planned distribution of Rs 150 crore (Rs 5.00 per unit) this quarter, with 34 per cent of distributions tax free for unit holders

Brookfield India REIT to acquire Seaview Developers for Rs 3,970 crore

The acquisition and the funding are subject to unitholder and regulatory approvals

Brookfield India REIT operating revenue down 3% in September quarter

Brookfield has declared a Rs 180-crore dividend payout for the September quarter, taking its total profit distribution to Rs 390 crore since listing in February

Vacancy levels at 3 REITs set to rise another 300 bps

Work from home, second wave have deferred leasing decisions by occupiers

Brookfield India REIT operating income up 4% in June quarter to Rs 170cr

Company to distribute Rs 182 crore to unitholders

REITs to lure investors with tax-free dividends and capital returns

Mindspace gives 90% of returns; Brookfield, Embassy to follow suit

Home First, Heranba, Brookfield, Nureca hit lowest levels since debut

Heranba Industries slipped 7% to Rs 708 in the intra-day trade today, falling 25% from its listing day high of Rs 945 on March 5, 2021