Brookfield acquires 51% stake in Bharti's 4 commercial properties
Real Estate

Brookfield acquires 51% stake in Bharti's 4 commercial properties

Bharti Enterprises and Brookfield Asset Management have formed a joint venture for a 3.3 million square foot portfolio of commercial properties in the Delhi-NCR region and Punjab for Rs 50 billion.

With this agreement, a Brookfield-controlled real estate fund will now own 51 percent of the joint venture, while Bharti Enterprises will keep the remaining 49 percent. The buildings cover 3.3 million square feet and include Worldmark Aerocity in Delhi, Airtel Centre and Worldmark 65 in Gurugram, and Pavillion Mall in the Punjab city of Ludhiana.

“This transaction with Brookfield for our marquee properties in North India is a significant milestone for us to partner with a global infrastructure investor with deep and rich experience and insights into real estate,” said Harjeet Kohli, Joint Managing Director, Bharti Enterprises, said.

Bharti Realty, the real estate subsidiary of Bharti Enterprises, has constructed nearly 5 million square feet of grade-A varied commercial real estate, including commercial, retail, and leisure properties. The company is constructing more than 10 million square feet of retail and mixed-use real estate space in Delhi NCR.

Following the completion of this transaction, the company will retain ownership and operation of its remaining commercial properties, including a 10 million square foot development in Delhi Aerocity.

Kohli went on to say that Bharti will continue to develop real estate assets to meet India's growing demand for well-managed commercial real estate.

“High quality real estate in global gateway markets and in particular, the Indian office market, continue to witness high demand from occupiers. We look forward to leveraging our global expertise to build future ready office environments in India,” said Ankur Gupta, Managing Partner, Head of Real Estate, APAC region and Country Head - India, Brookfield.

Brookfield, a multinational investment business established in Canada, owns and operates more than 50 million square feet of commercial real estate in the markets of Delhi-NCR, Mumbai, Bengaluru, Chennai, Pune, Hyderabad, and Kolkata.

See also:
Brookfield to Acquire KKR’s 50% Stake in Renewable Developer X-Elio
NIIF, I Squared, Brookfield in talks to buy CleanMax


Bharti Enterprises and Brookfield Asset Management have formed a joint venture for a 3.3 million square foot portfolio of commercial properties in the Delhi-NCR region and Punjab for Rs 50 billion. With this agreement, a Brookfield-controlled real estate fund will now own 51 percent of the joint venture, while Bharti Enterprises will keep the remaining 49 percent. The buildings cover 3.3 million square feet and include Worldmark Aerocity in Delhi, Airtel Centre and Worldmark 65 in Gurugram, and Pavillion Mall in the Punjab city of Ludhiana. “This transaction with Brookfield for our marquee properties in North India is a significant milestone for us to partner with a global infrastructure investor with deep and rich experience and insights into real estate,” said Harjeet Kohli, Joint Managing Director, Bharti Enterprises, said. Bharti Realty, the real estate subsidiary of Bharti Enterprises, has constructed nearly 5 million square feet of grade-A varied commercial real estate, including commercial, retail, and leisure properties. The company is constructing more than 10 million square feet of retail and mixed-use real estate space in Delhi NCR. Following the completion of this transaction, the company will retain ownership and operation of its remaining commercial properties, including a 10 million square foot development in Delhi Aerocity. Kohli went on to say that Bharti will continue to develop real estate assets to meet India's growing demand for well-managed commercial real estate. “High quality real estate in global gateway markets and in particular, the Indian office market, continue to witness high demand from occupiers. We look forward to leveraging our global expertise to build future ready office environments in India,” said Ankur Gupta, Managing Partner, Head of Real Estate, APAC region and Country Head - India, Brookfield. Brookfield, a multinational investment business established in Canada, owns and operates more than 50 million square feet of commercial real estate in the markets of Delhi-NCR, Mumbai, Bengaluru, Chennai, Pune, Hyderabad, and Kolkata. See also: Brookfield to Acquire KKR’s 50% Stake in Renewable Developer X-Elio NIIF, I Squared, Brookfield in talks to buy CleanMax

Next Story
Technology

We’re building robots that flow, not just move

Founded in 2021, Flo Mobility is reimagining construction automation with vision-AI robots designed for seamless movement through complex sites. In conversation with CW, Manesh Jain, Founder & CEO, discusses the company’s origin, its LiDAR-free tech stack, and expansion plans in the Middle East and US.What inspired the name Flo Mobility? Why ‘Flo’ and not ‘Flow’?When we started the company in 2021, our focus was on building autonomous navigation systems for robots. Since our work centred around robot movement, ‘mobility’ naturally became part of the name. We wanted to co..

Next Story
Real Estate

We’re committed to setting benchmarks in sustainable luxury living

From a landmark land acquisition in Boisar to ambitious launches across the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru and Pune, Birla Estates is driving future-ready growth with a strong focus on sustainability, partnerships and premium living, firmly anchored in its LifeDesigned® philosophy. K T Jithendran, Managing Director & CEO, outlines the company’s premium, sustainable growth playbook in conversation with PRATAP PADODE, Editor-in-Chief, CW. Excerpts:Birla Estates recently acquired a 70.92-acre land parcel in Boisar, Maharashtra, for..

Next Story
Infrastructure Urban

Mumbai’s land crunch and ageing homes call for structured renewal

Founded in 2022, Etonhurst Capital Partners is a real-estate fund management platform focused on the Indian market. As the firm achieves the first close of Rs 1.8 billion for its debut Rs 5 billion fund, Bamasish Paul, Co-founder, Managing Partner & CEO, discusses its sharp focus on redevelopment-driven value creation in Mumbai’s urban core with CW. Excerpts:Etonhurst Capital has achieved a significant milestone with the first close of Rs 1.8 billion for its Rs 5 billion fund. What factors contributed to this early success and how do you plan to attract further investments to r..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?