Brookfield India REIT Raises ₹2,305 Cr via QIP
Real Estate

Brookfield India REIT Raises ₹2,305 Cr via QIP

Brookfield India Real Estate Trust (BIRET), a Real Estate Investment Trust (REIT), has successfully completed a capital raise of ₹23.05 billion through a qualified institutional placement (QIP). The QIP saw participation from both existing and new Indian and global investors.

The funds raised through the placement will be used to finance the acquisition of two large commercial assets from Brookfield Asset Management's private real estate funds. On May 18, BIRET and GIC jointly announced their plan to acquire two commercial properties, totaling 6.5 million square feet, located in Brookfield's Downtown Powai, Mumbai, and Candor TechSpace (G1), Gurugram. The acquisition will be made in an equal partnership with GIC, at a combined enterprise value of ₹112.25 billion.

In order to fund these acquisitions, BIRET had introduced a QIP on July 27, 2023. The issuance and allotment of Rs 91.3 billion new units to 64 eligible investors through this QIP were approved by the Issue Committee of the Board of Directors of Brookprop Management Services Private Limited, the manager of Brookfield India Real Estate Trust, on August 2, 2023.

Ankur Gupta, Managing Partner, Head of Real Estate for the APAC region at Brookfield, expressed that the capital raise has not only expanded and diversified their investor base but also serves as a testament to the quality of office portfolio they have built in the country.

See also:
Brookfield India Real Estate Trust plans to raise up to Rs.35 billion
Brookfield Infra JV to invest on data centre in Mumbai


Brookfield India Real Estate Trust (BIRET), a Real Estate Investment Trust (REIT), has successfully completed a capital raise of ₹23.05 billion through a qualified institutional placement (QIP). The QIP saw participation from both existing and new Indian and global investors. The funds raised through the placement will be used to finance the acquisition of two large commercial assets from Brookfield Asset Management's private real estate funds. On May 18, BIRET and GIC jointly announced their plan to acquire two commercial properties, totaling 6.5 million square feet, located in Brookfield's Downtown Powai, Mumbai, and Candor TechSpace (G1), Gurugram. The acquisition will be made in an equal partnership with GIC, at a combined enterprise value of ₹112.25 billion. In order to fund these acquisitions, BIRET had introduced a QIP on July 27, 2023. The issuance and allotment of Rs 91.3 billion new units to 64 eligible investors through this QIP were approved by the Issue Committee of the Board of Directors of Brookprop Management Services Private Limited, the manager of Brookfield India Real Estate Trust, on August 2, 2023. Ankur Gupta, Managing Partner, Head of Real Estate for the APAC region at Brookfield, expressed that the capital raise has not only expanded and diversified their investor base but also serves as a testament to the quality of office portfolio they have built in the country. See also: Brookfield India Real Estate Trust plans to raise up to Rs.35 billion

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?