Brookfield India Real Estate Trust plans to raise up to Rs.35 billion
Real Estate

Brookfield India Real Estate Trust plans to raise up to Rs.35 billion

Brookfield India Real Estate Trust (BIRET) is planning to raise up to Rs 35 billion to fund its proposed acquisition of two commercial properties. BIRET intends to raise the funds through the issuance of units to institutional investors or through preferential allotment of units. BIRET and Sing...

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Brookfield India Real Estate Trust (BIRET) is planning to raise up to Rs 35 billion to fund its proposed acquisition of two commercial properties. BIRET intends to raise the funds through the issuance of units to institutional investors or through preferential allotment of units. BIRET and Singapore's sovereign wealth fund GIC announced a partnership to acquire two commercial properties in India for Rs 112.25 billion. To finance these acquisitions, BIRET proposed an institutional placement of up to Rs 35 billion, with the possibility of considering other fundraising methods such as preferential allotment of units.The board of the manager of the REIT has approved an enabling resolution to raise the funds, subject to unit holder approval. The proposed institutional placement is expected to raise Rs 34 billion specifically for the asset acquisitions. This fundraising initiative will enable BIRET to finance its acquisition plans and further strengthen its portfolio of commercial properties in India.

Next Story
Infrastructure Urban

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Next Story
Infrastructure Urban

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Next Story
Infrastructure Transport

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement