Brookfield to acquire 51% stake in four Bharti Enterprises assets
Real Estate

Brookfield to acquire 51% stake in four Bharti Enterprises assets

Brookfield will acquire a 51% stake in four commercial properties of Bharti Enterprises for an enterprise value of Rs 5,000 crore.

The four properties are Worldmark Aerocity in Delhi, Worldmark 65, Airtel Center in Gurgaon and Pavillion Mall in Ludhiana, having a total area of 3.3 million sq ft.

Bharti Enterprises will continue to hold a 49% stake in these properties.

The company told the media that Bharti Enterprises and Brookfield have entered into a joint venture (JV) agreement for four high-quality commercial properties of 3.3 million sq ft.

It said that Brookfield’s real estate operating arm, Brookfield Properties, will manage the properties.The transaction will be consummated upon receipt of requisite regulatory approvals.

Group Director of Bharti Enterprises, Harjeet Kohli, said the company is confident in Brookfield Properties as India’s economy offers growth opportunities and will continue to invest and grow its assets.

Worldmark Aerocity is a mix-use property of 1.43 million sq ft in Delhi-NCR. The tenant registration includes marquee financial services firms, global conglomerates and government undertakings.

Airtel Center is a corporate facility of 7,00,000 sq ft in North Gurgaon. Worldmark 65 is a mix-use property of 7,00,000 sq ft in South Gurgaon.

Ankur Gupta, Managing Partner, Head of Real Estate - India and the Middle East and Country Head, India Brookfield, said that the company sees immense growth opportunities in commercial real estate. He added that tenants appreciate the positive impact workspaces have on employee wellbeing.

In India, Brookfield owns and operates 47 million sq ft of high-quality commercial real estate assets across six cities, including Delhi-NCR, Mumbai, Bengaluru, Chennai, Pune and Kolkata.

The real estate arm of Bharti Enterprises, Bharti Realty, will continue to own and operate its remaining commercial assets, of around 10 million sq ft coming up in Delhi Aerocity, and will focus on developing premium quality commercial real estate in key locations.

Image Source

Also read: Brookfield acquires IL&FS headquarters in Mumbai for Rs 1,080 cr

Brookfield will acquire a 51% stake in four commercial properties of Bharti Enterprises for an enterprise value of Rs 5,000 crore. The four properties are Worldmark Aerocity in Delhi, Worldmark 65, Airtel Center in Gurgaon and Pavillion Mall in Ludhiana, having a total area of 3.3 million sq ft. Bharti Enterprises will continue to hold a 49% stake in these properties. The company told the media that Bharti Enterprises and Brookfield have entered into a joint venture (JV) agreement for four high-quality commercial properties of 3.3 million sq ft. It said that Brookfield’s real estate operating arm, Brookfield Properties, will manage the properties.The transaction will be consummated upon receipt of requisite regulatory approvals. Group Director of Bharti Enterprises, Harjeet Kohli, said the company is confident in Brookfield Properties as India’s economy offers growth opportunities and will continue to invest and grow its assets. Worldmark Aerocity is a mix-use property of 1.43 million sq ft in Delhi-NCR. The tenant registration includes marquee financial services firms, global conglomerates and government undertakings. Airtel Center is a corporate facility of 7,00,000 sq ft in North Gurgaon. Worldmark 65 is a mix-use property of 7,00,000 sq ft in South Gurgaon. Ankur Gupta, Managing Partner, Head of Real Estate - India and the Middle East and Country Head, India Brookfield, said that the company sees immense growth opportunities in commercial real estate. He added that tenants appreciate the positive impact workspaces have on employee wellbeing. In India, Brookfield owns and operates 47 million sq ft of high-quality commercial real estate assets across six cities, including Delhi-NCR, Mumbai, Bengaluru, Chennai, Pune and Kolkata. The real estate arm of Bharti Enterprises, Bharti Realty, will continue to own and operate its remaining commercial assets, of around 10 million sq ft coming up in Delhi Aerocity, and will focus on developing premium quality commercial real estate in key locations. Image Source Also read: Brookfield acquires IL&FS headquarters in Mumbai for Rs 1,080 cr

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?