Brookfield India Real Estate Investment Trust (REIT) has significantly boosted its commercial property holdings by acquiring a 50% stake in Rostrum Realty Private Limited from the Bharti group. This high-value transaction, concluded on June 21, 2024, involves the issuance of units to Bharti group sellers and is valued at approximately Rs. 12,279 million.
The acquisition encompasses four premier Grade A commercial properties, collectively spanning 3.3 million square feet, with an enterprise value of INR 60,000 million. As a result of this deal, the Bharti group is now the second-largest unitholder in Brookfield India REIT, holding an 8.53% ownership stake.
This strategic move underscores Brookfield India REIT’s position as India’s sole 100% institutionally managed office REIT, reinforcing its commitment to expanding its high-quality asset portfolio.
The legal advisory team from Shardul Amarchand Mangaldas & Co. was instrumental in facilitating this transaction, showcasing their expertise and dedication.