Brookfield will Acquire 51% Stake in Bharti Enterprises' 4 Commercial properties

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Brookfield will Acquire 51% Stake in Bharti Enterprises' 4 Commercial properties
01 Apr 2022
6 min read

News Synopsis

According to a joint statement released by Brookfield and Bharti Enterprises on Friday, Brookfield will acquire 51% stake in Bharti Enterprises' 4 commercial properties for an amount of Rs 5,000 crore. These properties include Worldmark Aerocity (Delhi), Worldmark 65 and Airtel Center (Gurgaon), and Pavillion Mall (Ludhiana). The two companies have partnered with each other to manage these four high-quality commercial properties. After the deal, Ankur Gupta, Managing Partner, Head of Real Estate - India and the Middle East and Country Head - India, Brookfield said: "We are very pleased with this partnership with Bharti and look forward to furthering the positioning of these premium assets. Today tenants have a heightened appreciation of the positive impact workspaces can have on employee well-being and we see tremendous opportunities for well-managed commercial real estate due to this transformation." The real estate operating arm of Brookfield, Brookfield Properties will manage the properties. Currently, the company owns and operates 47 mn sqft of high-quality commercial real estate assets in cities like  Delhi NCR, Mumbai, Bengaluru, Chennai, Pune, and Kolkata.

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