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About Brookfield India Real Estate Trust

The Brookfield REIT has been settled by its Manager (solely as the settlor, on behalf of its Sponsor) for the Initial Contribution. It was settled on July 17, 2020 at Mumbai, Maharashtra, India as a contributory, determinate and irrevocable trust under the provisions of the Indian Trusts Act, 1882, pursuant to a trust deed dated July 17, 2020. The Brookfield REIT was registered with SEBI on September 14, 2020 at Mumbai as a real estate investment trust, pursuant to the REIT Regulations, having registration number IN/REIT/20-21/0004. BSREP V is the sponsor of the Brookfield REIT, Brookprop Management Services Private Limited has been appointed as the manager to the Brookfield REIT and Axis Trustee Services Limited shall act as the trustee to the Brookfield REIT. The principal place of business of the Brookfield REIT is situated at Candor TechSpace IT/ ITES SEZ, Building Gurugram, Haryana, India. Pursuant to the Formation Transactions, its Initial Portfolio shall be acquired and will be held by the Brookfield REIT through its Asset SPVs. Additionally, CIOP, which provides services including property management, facilities management and support services to its Candor Asset SPVs has been considered as an investment by the Brookfield REIT under Regulation 18(5)(da) of the SEBI REIT Regulations, and will be directly held by the Brookfield REIT.

Parent Organisation
Indian Private
Managing Director
None
Founded
None
NSE Symbol
BIRET

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Community Discussion

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AngelOne
16th May 2024
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AngelOne
16th May 2024
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AngelOne
16th May 2024
Brookfield India Acquires 50% Stake In Multiple Bharti Enterprises Assets Brookfield India Real Estate Trust acquires a 50% stake in Grade A commercial assets from Bharti, forming a joint venture; poised for growth. Brookfield India Real Estate Trust (BIRET) has announced a significant move in the commercial real estate sector, revealing agreements to acquire a 50% stake in four Grade A commercial assets from Bharti Enterprises. This acquisition amounts to a total of 3.3 million square feet and comes with a value of Rs.6,000 crore. Equity Consideration The acquisition will be fulfilled through a preferential allotment of units in BIRET to Bharti, priced at Rs.300 per unit. This transaction will make Bharti the second-largest unit holder in BIRET, possessing an ownership stake of 8.53%. Expansion and Joint Venture Formation The collaboration isn’t the first one between Brookfield and Bharti. Last year, Brookfield Asset Management acquired around 50% stake in Bharti Enterprises’ four commercial properties in Delhi-NCR. Following this deal, the acquisition will result in Brookfield India REIT and Brookfield Asset Management jointly owning the newly formed Rostrum Realty. Portfolio Overview The portfolio being acquired includes prime assets such as the operational Worldmark properties located in Aerocity New Delhi, covering 1.4 million square feet. Additionally, it encompasses the Airtel Center, a corporate facility spanning 700,000 square feet in Gurugram, and Worldmark Gurugram, a mixed-use asset extending over 700,000 square feet. Future Growth Prospects The acquired assets are strategically located in established office micro-markets with good connectivity,retail and food & beverage offerings. Bharti Enterprises remains committed to investing in a pipeline, surpassing 10 million square feet in the Aerocity area; the hope is to nurture the partnership through similar transactions in the future. Brookfield’s Presence in India In India, Brookfield holds a significant presence, owning and managing over 50 million square feet of commercial real estate across major cities such as Delhi-NCR, Mumbai, Bengaluru, Chennai, Pune, Hyderabad, and Kolkata. Conclusion Brookfield India Real Estate Trust’s latest acquisition underscores its commitment to expanding its portfolio and strengthening its position in India’s commercial real estate market. With a strongly positioned partnership with Bharti Enterprises and a focus on strategic growth, the trust seems poised for continued success in the future. Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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Brookfield India Real Estate Trust Ltd FAQs

Brookfield India Real Estate Trust Ltd (BIRET) share price as of July 12, 2024, on NSE is Rs 267.42 (NSE) and Rs 267.42 (BSE) on BSE.
Yes, You can buy Brookfield India Real Estate Trust Ltd (BIRET) shares by opening a Demat account with Angel One.
Brookfield India Real Estate Trust Ltd (BIRET) share can be bought through the following modes:
1. Direct investment: You can buy Brookfield India Real Estate Trust Ltd (BIRET) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Brookfield India Real Estate Trust Ltd (BIRET) shares.
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