Bavadharini KS
BL Research Bureau |
Updated on
February 03, 2021
Quality of tenants, high occupancy and long-term lease contracts are positives
The IPO of Brookfield Real Estate Investment Trust (REIT) is open for subscription between February 3 and February 5 at the price band of ₹274-275. Backed by Canadian Asset Management Company, Brookfield, this REIT is the third to list in India and is expected to raise ₹3,800 crore as fresh issue. The amount is proposed to be utilised to bring down the REIT’s debt and improve the entity’s cash flow. As on September 2020, the total debt of Brookfield stands at ₹5,650 crore and post-issue it is expected to come down to ₹2,075 crore.