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Bengaluru: Brookfield Asset Management to sell two commercial properties in India to a partnership of its locally listed REIT Brookfield India and Singapore Sovereign Wealth Fund GIC in a deal valued at an enterprise value of $1.4 billion.
The properties being acquired are in the financial capital of India MumbaiMaharashtra and GurugramA satellite city of the National Capital Region.
Kishor Goteti, Co-Head, Real Estate, Asia East, said, “We expect the Indian office sector to continue to grow, driven by an established IT industry, a focus on digital adoption by global corporations, And there is availability of skilled talent.” China, GICin a statement
With this acquisition, Brookfield India REITThe portfolio will expand by 35% in total leasable space and 44% in operating area.
Brookfield India REIT The deal will increase its gross assets to $3.5 billion and net assets to $2 billion, it said.
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