Brookfield inks Rs 4.3K-cr deal for ESR warehouse portfolio
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Brookfield inked a Rs 4.3K-cr deal for the ESR warehouse portfolio.
- ✓This move makes Brookfield the third largest logistics player in India.
- ✓The portfolio covers 400 acres across six metro clusters.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Financial Express
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
The deal will make Brookfield the third largest logistics real estate player by size after Indospace and Blackstone-promoted Horizon Industrial Parks, sector experts said.
Blackstone, GIC, Prologis, Indospace also reportedly bid for the ESR India portfolio but Brookfield emerged as the highest bidder.
Spread across nearly 400 acres in six metro clusters, the ESR India portfolio includes eight Grade A parks, serving major gateway cities including Mumbai, Pune, Delhi NCR, Chennai and Kolkata.
The operating portfolio is nearly 98% leased and serves a diversified mix of leading logistics and industrial occupiers. The portfolio accommodates a range of uses, including light manufacturing facilities, fulfilment centers and warehouses, providing Brookfield with immediate scale across some of the country's leading industrial and logistics markets.
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