NEW DELHI: Brookfield India Real Estate Trust (Brookfield India REIT) has successfully raised around ₹2,600 crore through an institutional placement of units, which includes a ₹1,125 crore investment from 360 ONE Asset in one of its prominent office assets located in Bengaluru.
According to a regulatory filing, the REIT allocated over 8.04 crore units to eligible institutional investors at an issue price of ₹323 per unit, which is a 2.1% discount compared to the floor price of ₹329.94 per unit.
In another development, Arliga Ecoworld Business Parks, a special purpose vehicle (SPV) of Brookfield India REIT, completed the equity shares and non-convertible debentures allotment to 360 ONE Real Assets Advantage Fund for a total sum of up to ₹1,125 crore.
Following this transaction, Brookfield India REIT retains approximately an 87% stake in the SPV, while 360 ONE holds about 13%.
This investment is directed towards Ecoworld, a commercial office complex situated on Bengaluru’s Outer Ring Road. The site covers around 7.7 million sq ft and consists of multiple office buildings that incorporate both commercial and SEZ spaces.
