Brookfield India REIT to raise Rs 35 billion for debt reduction and growth
ECONOMY & POLICY

Brookfield India REIT to raise Rs 35 billion for debt reduction and growth

Brookfield India Real Estate Trust has announced plans to raise up to Rs 35 billion through an institutional placement of units aimed at reducing debt and funding growth. The decision, approved by the board of Brookprop Management Services Pvt Ltd, the REIT's manager, allows for the issuance of units in one or more placements.

Proceeds from the issue will be allocated toward repaying outstanding debt, general corporate purposes, and potential growth opportunities. The company also noted that funds could support operating expenses, capital expenditures, and investments in high-quality instruments.

In the second quarter of this fiscal, Brookfield India REIT reported a 40% rise in net operating income, reaching Rs 4.85 billion, up from Rs 3.46 billion the previous year. Additionally, the REIT declared a distribution of Rs 2.20 billion to unitholders for the quarter.

On the leasing front, Brookfield India REIT recorded 1 million square feet of gross office space leasing, driven by strong demand. The REIT’s portfolio spans 28.9 million square feet across 10 Grade A assets in key cities, including Delhi, Mumbai, Gurugram, Noida, and Kolkata. This includes 24.3 million square feet of operational area, 0.6 million square feet under construction, and 4 million square feet slated for future development.

(Business Standard)

Brookfield India Real Estate Trust has announced plans to raise up to Rs 35 billion through an institutional placement of units aimed at reducing debt and funding growth. The decision, approved by the board of Brookprop Management Services Pvt Ltd, the REIT's manager, allows for the issuance of units in one or more placements. Proceeds from the issue will be allocated toward repaying outstanding debt, general corporate purposes, and potential growth opportunities. The company also noted that funds could support operating expenses, capital expenditures, and investments in high-quality instruments. In the second quarter of this fiscal, Brookfield India REIT reported a 40% rise in net operating income, reaching Rs 4.85 billion, up from Rs 3.46 billion the previous year. Additionally, the REIT declared a distribution of Rs 2.20 billion to unitholders for the quarter. On the leasing front, Brookfield India REIT recorded 1 million square feet of gross office space leasing, driven by strong demand. The REIT’s portfolio spans 28.9 million square feet across 10 Grade A assets in key cities, including Delhi, Mumbai, Gurugram, Noida, and Kolkata. This includes 24.3 million square feet of operational area, 0.6 million square feet under construction, and 4 million square feet slated for future development. (Business Standard)

Next Story
Products

unWOOD transforms plastic waste into durable wood alternative

unWOOD, a breakthrough innovation, is converting hard-to-recycle plastic waste into a durable alternative to natural wood. Developed through a proprietary process called Intelligent Compounding, unWOOD uses a Macro Molecular Fiber Matrix (MMFM) structure to replicate the strength, look, and feel of hardwood—without the environmental cost.Conceptualised by Dr Babu Padmanabhan, the material addresses key flaws in traditional plastic recycling by consuming minimal energy, using zero water, and generating no microplastics. “Any application that introduces plastics into areas where it cannot be..

Next Story
Real Estate

India's first AI-integrated campus announced in Noida

Yashoda Hospital and Bhutani Infra have announced plans to develop India’s first fully AI-integrated mixed-use campus in Greater Noida West. The upcoming project will feature a hospital, retail spaces, offices, SOHOs, serviced apartments, and a hotel—all operating within a self-learning, generative AI-powered ecosystem.The AI-first campus will integrate real-time data systems, predictive analytics, and adaptive infrastructure to offer personalised experiences across functions. From AI-enabled footfall tracking and dynamic energy optimisation to smart F&B and retail insights, the develo..

Next Story
Infrastructure Urban

Postal Dept Unveils Stamp Honouring 125 Years of Kodaikanal Observatory

The Department of Posts is proud to release a commemorative postage stamp celebrating 125 years of the Kodaikanal Solar Observatory (KSO). Recognising the legacy of the KSO through this special stamp is a fitting tribute to one of India’s most significant scientific institutions and highlights the nation’s long-standing contribution to global science.The Commemorative stamp was released by S Rajendra Kumar, Chief Postmaster General, Karnataka Circle in the gracious presence of A S Kiran Kumar, Chairperson, Governing Council, IIA and Former Chairman, ISRO and other esteemed guests at Indian..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?