Shardul Amarchand Mangaldas & Co assisted Brookfield India Real Estate Investment Trust in acquiring a 50% stake in Rostrum Realty Private Limited from the Bharti group.
The transaction, worth approximately INR 12,279 million, involved issuing units to the Bharti group sellers.
This strategic acquisition includes four premier commercial properties (Grade A assets) totaling 3.3 million square feet, with an enterprise value of INR 60,000 million. As a result, the Bharti group will become the second-largest unitholder in Brookfield India REIT, holding an 8.53% ownership stake. Brookfield India REIT is the only fully institutionally managed office REIT in India.
The SAM transaction team was led by Partners Jay Gandhi, Nikhil Naredi, Abhishek Parekh, and Priya Awasthi, with Principal Associate Namrata Mehta, Senior Associate Harini Jambunathan, and Associate Mahinder Udasi.
Brookfield India Real Estate Trust, sponsored by an affiliate of Brookfield Asset Management Inc., is India’s only fully institutionally managed office REIT. Brookfield Asset Management Inc. is one of the largest asset management companies globally, operating in over 30 countries with approximately 240,000 employees and managing assets worth around US$925 billion.
Rostrum Realty Private Limited, a private Indian non-government company, was incorporated on November 3, 2021, and has its registered office in Gurgaon, Haryana, India.
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