BROOKFIELD INDIA REAL ESTATE TRUST Brookfield India Real Estate Trust (NSEI:BIRET) and GIC Private Limited agreed to Commercial properties in Downtown Powai, Mumbai for INR 65 billion on May 18, 2023. As of March 31, 2023, Commercial properties in Downtown Powai, Mumbai generated revenue of INR 4.8 billion. The transaction is approved by board of directors of Brookfield India Real Estate Trust.
Morgan Stanley India Company Private Limited and BofA Securities India Limited acted as financial advisor and Khaitan & Co. and Shardul Amarchand Mangaldas & Co acted as legal advisor to Brookfield India Real Estate Trust. Brookfield India Real Estate financed the acquisition from INR 23 billion qualified institutional placement.
