Brookfield Acquires Major Stake in Bharti Enterprises’ Commercial Properties
Global investment firm Brookfield Asset Management has secured a 51 percent stake in four commercial properties of Bharti Enterprises, including Worldmark Aerocity in Delhi, Worldmark 65 and Airtel Center in Gurgaon, and Pavillion Mall in Ludhiana. The acquisition involved a preferential issuance of units of Brookfield REIT.
Legal Advisors and Transaction Details
Cyril Amarchand Mangaldas provided legal counsel to Bharti group entities, with a team led by Akila Agrawal, Partner & Head of Mergers and Acquisitions, and Mukul Sharma, Partner. The team included support from Principal Associates Neham Tayal and Rudraksh Durrani, Senior Associate Shreya Teewari, and Associates Aparajita Marwah and Devarshi Mohan. Strategic guidance was offered by L. Viswanathan, Partner & Chair of Finance, Projects & Insolvency.
REIT-related advisory was managed by Kranti Mohan, Partner & Head of REITs and InvITs, and Partner Janhavi Manohar. Taxation aspects were handled by Partner SR Patnaik with Principal Associate Thangadurai V.P. Competition law advice was provided by Partner Vijay Chauhan, supported by Associate Ananya Mahant, while real estate matters were overseen by Partner Ashish Jain, with Senior Associate Mayur Nene.
Khaitan & Co represented Brookfield, with their team led by Partner Deepak Jodhani. Notably, Brookfield has been rotating law firms in recent deals, previously engaging TTA, SAM, and Luthra.
It is a publicly traded REIT focusing on high-quality, income-producing commercial properties. It provides investors with access to Brookfield’s extensive real estate portfolio, offering stable and growing dividends through investments in premier office, retail, and industrial properties across prime locations.
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