360 ONE Acquires 50% Stake in Brookfield’s Bluegrass Business Park for ₹2,400 Crore

360 ONE Asset, through its real assets funds, has secured a 50% ownership in Bluegrass Business Park, Pune, from Brookfield Asset Management’s private real estate fund at an enterprise value of about ₹2,400 crore ($280 million). 

The premium 2 million sq. ft. mixed-use asset, situated in Kalyani Nagar, is spread across seven acres and includes an operational office tower fully leased to Mastercard, alongside another tower under development with a retail component. This partnership marks a notable collaboration between a global institutional investor and an India-focused alternatives fund.

Growth Outlook and Management

Brookfield will continue to oversee management, development, and leasing of the property, leveraging its expertise in the sector. As per news reports, Niraj Murarka, chief investment officer - real assets, 360 ONE Asset, said: “We are excited to partner with Brookfield, a leading player with a strong track record in India, and add long-term value to the asset.” 

The investment aligns with 360 ONE Asset’s strategy of backing future-ready commercial spaces in major urban centres, balancing income-generating properties with development-led growth opportunities.

Broader Significance

360 ONE Asset is a wholly owned arm of 360 ONE WAM, India’s largest wealth and asset manager, with nearly ₹78 billion in assets under management (AUM) and an alternatives platform of $6 billion as of June 30, 2025. 

As per news reports, Rachit Kothari, senior vice president, real estate, Brookfield, noted: “We are pleased to further expand our strategic association with 360 ONE Asset. This transaction is a testament to investor confidence in the India office sector and reaffirms the quality of the portfolio we’ve built in the country.” Brookfield continues to be one of India’s leading office space owners, managing over 55 million sq. ft. across prime business districts.

Read More: 360 ONE WAM Share Price Falls Over 6% After ₹2,273 Crore Block Deal by Bain-Linked Entity!

360 ONE WAM Share Price Performance 

As of August 26, 2025, at 11:50 AM 360 ONE WAM share price is trading at ₹1,091.20 per share, reflecting a decline of 0.14% from the previous day's closing price. Over the past month, the stock has surged by 1.54%. The stock's 52-week high stands at ₹1,318 per share, while its low is ₹790.50 per share.

Conclusion 

The ₹2,400 crore deal reflects growing confidence in India’s commercial real estate sector. With Brookfield’s operational expertise and 360 ONE Asset’s long-term strategy, the partnership is set to enhance value in Pune’s office market and beyond.

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