Brookfield India REIT Secures Rs 3,500 Crore for Bengaluru Acquisition

Brookfield India Real Estate Trust raised Rs 3,500 crore through a Qualified Institutional Placement to acquire Ecoworld, a major office campus in Bengaluru. The oversubscribed issue saw participation from leading investors and will expand the portfolio to over 32 million square feet.

Brookfield India Real Estate Trust has successfully raised Rs 3,500 crore by offering units to investors, earmarking these funds for the acquisition of a Bengaluru property.

In a regulatory filing on Wednesday, Brookfield India REIT revealed securing Rs 3,500 crore via a Qualified Institutional Placement, marking an oversubscription exceeding three times. Notable investors included SBI Mutual Fund, PPFAS, and Kotak Mutual Fund.

The newly acquired Ecoworld, a premier 48-acre, 7.7 million square feet office campus on Bengaluru's Outer Ring Road, will elevate the operating portfolio to over 32 million square feet with a gross asset value surpassing Rs 53,000 crores.

(With inputs from agencies.)