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

28 Aug 2025 CW Team

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

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..