Brookfield India Real Estate Trust (BIRET) has sealed agreements to acquire a 50% stake in four Grade A assets from Bharti Enterprises. The acquisition, valued at Rs 6,000 crore, encompasses prestigious commercial properties totaling 3.3 million square feet. Bharti will secure its 8.53% ownership in BIRET through preferential unit allotments at Rs 300 per unit, becoming the second-largest unitholder. The portfolio includes iconic properties like Worldmark assets in Aerocity New Delhi and corporate facilities in Gurugram, solidifying Brookfield’s presence in India’s commercial real estate landscape.
Brookfield India Real Estate Trust Acquires 50% Stake in Bharti Enterprises’ Grade A Assets
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