Brookfield India Real Estate Trust acquires 50% stake in four premium Grade A assets from Bharti Enterprises for Rs 6,000 crore, making BIRET the most diverse office REIT in India.
Brookfield India Real Estate Trust (BIRET) signed agreements to acquire a 50% stake in four premium Grade A assets from Bharti Enterprises for a total enterprise value of Rs 6,000 crore ($718M). The assets include operating Worldmark properties in New Delhi and Gurugram, with a total area of 3.3 million square feet. Bharti Enterprises will become the second-largest unitholder in BIRET following the acquisition, which is expected to make BIRET the most diverse office REIT in India.
May 16, 2024
12 Articles