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Brookfield REIT

Sector: Residential • Location: India

Source: International Finance Corporation (IFC)

Project
Active

 Brookfield India Real Estate Trust (BIRET) is an institutionally managed office real estate investment trusts, comprising a portfolio of ten Grade A office assets and a mall. These assets cover a total operating leasable area of 24.3 million square feet across key business districts in India. BIRET was listed on Indian exchanges in February 2021. IFC has  invested INR 8,350 million by subscribing

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The project “Brookfield REIT” is an infrastructure initiative in the Residential sector, located in India. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Description

Description

 Brookfield India Real Estate Trust (BIRET) is an institutionally managed office real estate investment trusts, comprising a portfolio of ten Grade A office assets and a mall. These assets cover a total operating leasable area of 24.3 million square feet across key business districts in India. BIRET was listed on Indian exchanges in February 2021. IFC has  invested INR 8,350 million by subscribing to units of BIRET through the recently concluded Institutional Placement under the SEBI REIT Regulations (“QIP”), the proceeds from which shall be utilized for the partial or full prepayment or repayment of the outstanding borrowings of BIRET and companies held by it and general purposes including towards funding growth opportunities and strategic initiatives and acquisitions or such other objects as may be set out in the placement document (the “Project”).

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Source reliability

High

Data quality score

100%

Source

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