Brookfield India Real Estate Investment Trust has acquired 50% stake in Rostrum Realty Private Limited from the Bharti group, the consideration for which was issuance of units to the Bharti group sellers. The deal is valued at approximately ₹12,279 million.
The acquisition includes four marquee commercial properties (Grade A assets) totaling 3.3 million square feet, at an enterprise value of INR 60,000 million. Following this, the Bharti group will become the second largest unitholder in Brookfield India REIT, India’s only 100% institutionally managed office REIT, with an ownership stake of 8.53%.
Shardul Amarchand Mangaldas advised Brookfield on this transaction.
The transaction team consisted of Jay Gandhi, Partner; Nikhil Naredi, Partner; Abhishek Parekh, Partner; Priya Awasthi, Principal Associate; Namrata Mehta, Principal Associate; Harini Jambunathan, Senior Associate and Mahinder Udasi, Associate.
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