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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...

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.

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Technology

Six ways a smarter workflow leads to faster, more accurate bids

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Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

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Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

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