Brookfield buys 8 industrial parks, deepens India logistics and warehousing footprint
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Brookfield Asset Management said it committed ₹4,300 crore to acquire eight industrial parks from ESR India.
- ✓The 400-acre portfolio spans Mumbai, Pune, Delhi-NCR, Chennai and Calcutta, with 98 per cent of space already leased.
- ✓Ankur Gupta said, "Our market-leading presence provides a strong foundation to deepen our real estate footprint."
Story at a Glance
- Category
- MARKET
- Reported By
- The Telegraph
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
ESR India retains management of the 400-acre portfolio spanning Mumbai, Pune, Delhi-NCR, Chennai and Calcutta, with 98 per cent of space already leased
Brookfield Asset Management said it has committed ₹4,300 crore ($444 million) to acquire and develop ESR India's portfolio in its first deal for warehousing-focused real estate in the country.
Brookfield will acquire eight industrial parks, spread over 400 acres across Mumbai, Pune, Delhi-National Capital Region, Chennai and Calcutta, the firm said in a statement Wednesday, adding that as much as 98 per cent of the space is leased to tenants operating in the logistics and industrial segment.
ESR India will continue to manage the portfolio.
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The Telegraph
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