Brookfield India Real Estate Trust Raises Rs 2,600 Crore through Qualified Institutional Placement
The Brookfield India Real Estate Trust is set to raise Rs 2,600 crore through a Qualified Institutional Placement (QIP) with major investors including IFC, Whiteoak Capital, HDFC Life Insurance, Axis Max Life Insurance, and PPFAS Mutual Fund.
Major Investors in the Qualified Institutional Placement
- IFC (International Finance Corporation) - A member of the World Bank Group
- Whiteoak Capital - A leading institutional investor
- HDFC Life Insurance - One of the largest private life insurers in India
- Axis Max Life Insurance - A leading life insurance company
- PPFAS Mutual Fund - A leading mutual fund
What will the funds be used for?
The funds raised through the QIP will be used to support the REIT's inorganic growth through acquisitions and debt repayment.
About Brookfield India Real Estate Trust
Brookfield India Real Estate Trust is a listed REIT that has expanded its operational assets considerably since 2023.
The trust has a significant presence in the Indian real estate market, with a portfolio of over 55 million square feet across seven cities, including Cowrks, a premium flexible workspace operator.
Recent Acquisitions by Brookfield India REIT
- Ecoworld office park in Bengaluru
- Candor TechSpace portfolio across Gurgaon, Noida, and Kolkata
- An additional tower at Candor TechSpace N2 in Noida
Financial Performance of Brookfield India REIT
The REIT reported a 14% year-on-year increase in net operating income at Rs 540.4 crore for the October-December quarter, driven by higher leasing and improved occupancy across its office portfolio.
On a same-store basis, net operating income increased 9% from a year ago, supported by lease-up, mark-to-market, and contracted rent growth.
Income from operating lease rentals grew 13% to Rs 500.3 crore during the third quarter of 2025-26.
Lead Managers to the Issue
Kotak Mahindra Capital, JM Financial, and Avendus Capital are the lead managers to the QIP.