Brookfield India real estate trust to acquire 50% stake in collection of marquee properties from Bharti Enterprises

Brookfield India Real Estate Trust (BIRET) has signed binding agreements to acquire a 50% stake in four Grade A assets from Bharti Enterprises. This acquisition includes premium commercial properties totaling 3.3 million square feet, with an enterprise value of approximately Rs 60,000 million. The total equity consideration for the 50% stake will be fulfilled through a preferential allotment of units in BIRET to Bharti, priced at Rs 300 per unit. As a result, Bharti will become the second-largest unitholder in BIRET, India's only 100% institutionally managed office REIT, with an ownership stake of 8.53%.. Brookfield India real estate trust to acquire 50% stake in collection of marquee properties from Bharti Enterprises. Aerocity New Delhi, Airtel Center, Ankur Gupta, Bharti Enterprises, BIRET, Brookfield, Brookfield India Real Estate Trust, commercial properties, Harjeet Kohli, Indian real estate market, Kotak Mahindra Capital Company, Office REIT, Real Estate Acquisition, real estate investment, Real Estate Partnerships, Worldmark Gurugram. Business.

May 17, 2024 - 21:00
 0  9
Brookfield India real estate trust to acquire 50% stake in collection of marquee properties from Bharti Enterprises
Brookfield India Real Estate Trust (BIRET) has signed binding agreements to acquire a 50% stake in four Grade A assets from Bharti Enterprises. This acquisition includes premium commercial properties totaling 3.3 million square feet, with an enterprise value of approximately Rs 60,000 million. The total equity consideration for the 50% stake will be fulfilled through a preferential allotment of units in BIRET to Bharti, priced at Rs 300 per unit. As a result, Bharti will become the second-largest unitholder in BIRET, India's only 100% institutionally managed office REIT, with an ownership stake of 8.53%.. Brookfield India real estate trust to acquire 50% stake in collection of marquee properties from Bharti Enterprises. Aerocity New Delhi, Airtel Center, Ankur Gupta, Bharti Enterprises, BIRET, Brookfield, Brookfield India Real Estate Trust, commercial properties, Harjeet Kohli, Indian real estate market, Kotak Mahindra Capital Company, Office REIT, Real Estate Acquisition, real estate investment, Real Estate Partnerships, Worldmark Gurugram. Business.

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