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Fund managers have started investing in REITs, hoping to earn a regular income, enjoy long-term cash flow visibility and better risk-adjusted returns.

Embarking on an ESG journey that resonates with the mission of Earth Forward, Brookfield Properties is at the forefront of pioneering sustainability across diverse sectors. Their unwavering commitment to fostering best environmental practices mirrors the global impact envisioned by the Earth Forward initiative.

Around 37% of the office space was leased to Global Capability Centers (GCCs). The robust demand for office spaces and resultant leasing momentum, especially to set up GCCs has been driving the performance of commercial real estate across Indias key property markets.

Vikas Gupta and Aswath Venkataraman from WestBridge Capital, Ecoworld, Bengaluru, have clinched the winner position in a corporate quiz organized on Indias glorious past, vibrant present and promising future. Commercial real estate developer and operators, Brookfield Properties conducted the quiz across Bengaluru, Chennai, Delhi, Gurugram, Kolkata, Mumbai and Noida for employees at its tenant companies across these cities.

Its portfolio consists of 18.7 million square feet comprising 14.3 million square feet of completed area, 0.6 million square feet of under construction and 3.9 million square feet of future development potential.

Brookfield India Real Estate Trusts (Brookfield India REIT) adjusted net operating income (NOI) grew by 4.5% year-on-year to Rs 2,453 million from Rs 2,346 million in Q1 FY23.

According to a regulatory filing on Friday, the board of Brookprop Management Services Pvt Ltd approved issuance of up to 1,26,96,800 units of Brookfield India REIT at a price of Rs 315.04 per unit to Project Diamond Holdings (DIFC) Ltd on a preferential basis for consideration other than cash.

Brookfield India Real Estate Trust and GIC are acquiring the two commercial assets in Mumbai and Gurugram, which have a total built-up area of 6.5 million square feet and are owned by Brookfield Asset Management’s private real estate funds.

Brookfield India Real Estate Trust has raised Rs 2,305 crore through an issue of Qualified Institutional Placement (QIP) of its units to 64 domestic and global funds and entities of Goldman Sachs, CDPQ, Morgan Stanley Asia (Singapore), Citigroup Global Markets, BoFA Securities, and Canada Life Global.

The issue price includes a discount of Rs 13.29 per unit (which is 5 per cent) on the floor price of Rs 265.79 per unit.