+
360 ONE Asset acquires 50% stake in Pune mixed-use project for Rs 24 Bn
Real Estate

360 ONE Asset acquires 50% stake in Pune mixed-use project for Rs 24 Bn

Wealth and asset management firm 360 ONE Asset has acquired a 50 per cent stake in the Bluegrass Business Park at Kalyani Nagar, Pune, from Brookfield Asset Management’s private real estate funds for Rs 24 billion. The deal was executed through 360 ONE’s real asset funds.
Spread across seven acres off Pune-Ahmednagar Road, the property houses an operational one-million sq ft tower leased to Mastercard, while a second tower with a street retail component is under construction.
Brookfield will continue to manage, develop and lease the asset. Both firms described the deal as a “first-of-its-kind partnership” between a global institutional investor and an India-focused alternatives fund.
“This acquisition reflects our strategy of investing in high-quality, future-ready real estate assets across core urban markets. We are excited to partner with Brookfield, a leading player with a strong track record in India, and add long-term value to the asset,” said Niraj Murarka, chief investment officer, real assets, 360 ONE Asset.
The acquisition strengthens Brookfield’s India portfolio, which includes 55 million sq. ft. of office space along with retail assets.
“We are pleased to further expand our strategic association with 360 ONE Asset. This transaction is a testament to investor confidence in the India office sector and reaffirms the quality of the portfolio we have built in the country,” said Rachit Kothari, senior vice president, real estate, Brookfield.
Shardul Amarchand Mangaldas acted as Brookfield’s legal counsel, while Veritas Legal advised 360 ONE on the transaction.

News source: Money Control

Wealth and asset management firm 360 ONE Asset has acquired a 50 per cent stake in the Bluegrass Business Park at Kalyani Nagar, Pune, from Brookfield Asset Management’s private real estate funds for Rs 24 billion. The deal was executed through 360 ONE’s real asset funds.Spread across seven acres off Pune-Ahmednagar Road, the property houses an operational one-million sq ft tower leased to Mastercard, while a second tower with a street retail component is under construction.Brookfield will continue to manage, develop and lease the asset. Both firms described the deal as a “first-of-its-kind partnership” between a global institutional investor and an India-focused alternatives fund.“This acquisition reflects our strategy of investing in high-quality, future-ready real estate assets across core urban markets. We are excited to partner with Brookfield, a leading player with a strong track record in India, and add long-term value to the asset,” said Niraj Murarka, chief investment officer, real assets, 360 ONE Asset.The acquisition strengthens Brookfield’s India portfolio, which includes 55 million sq. ft. of office space along with retail assets.“We are pleased to further expand our strategic association with 360 ONE Asset. This transaction is a testament to investor confidence in the India office sector and reaffirms the quality of the portfolio we have built in the country,” said Rachit Kothari, senior vice president, real estate, Brookfield.Shardul Amarchand Mangaldas acted as Brookfield’s legal counsel, while Veritas Legal advised 360 ONE on the transaction.News source: Money Control

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code