[ad_1]
New Delhi: Brookfield Asset Management controls 51% stake in four commercial properties spread over 3.3 million sq ft Bharti Enterprises 5,000 crore for Rs 5,000 crore, the two companies said in a media release.
Bharti Enterprises It will retain 49% stake in these properties. The deal, which was first announced by the two companies in April 2022, has now been concluded.
Harjeet Kohli, Joint Managing Director, Bharti Enterprises, said, “Bharti will continue to make substantial investments in developing more real estate assets to meet the growing demand for well-managed commercial real estate in India.”
under this joint venture Brookfield Propertiesreal estate operations branch Brookfield Asset ManagementWill manage assets that include – Worldmark Aerocity in Delhi, Airtel Center and worldmark 65 in Gurugram, and at Pavilion Mall Ludhiana,
Owns and operates over 50 million square feet of commercial real estate in Brookfield Delhi-NCRMumbai, Bangalore, Chennai, Pune, Hyderabad and Kolkata.
Bharti Realty, the real estate arm of Bharti Enterprises, will continue to own and operate its remaining commercial properties, including an upcoming development of approximately 10 million sq ft at Delhi Aerocity.
[ad_2]
Source link