📋 Tender Overview
Project Number
50449
Company Name
Brookfield India Real Estate Trust
Date SPI Disclosed
Feb 7, 2025
Country
India
Region
South Asia
Projected Board Date
Dec 3, 2024
Environmental Category
B
Status
Active
Last Updated Date
Department
Regional Industry - MAS Asia & Pac
Industry
other
Previous Events
Approved : Dec 3, 2024
Signed: Nov 28, 2024
Invested: Dec 10, 2024
Sector
other
Description: Project Description
Brookfield India Real Estate Trust (BIRET) is an institutionally managed office real estate investment trusts, comprising a portfolio of ten Grade A office assets and a mall. These assets cover a total operating leasable area of 24.3 million square feet across key business districts in India. BIRET was listed on Indian exchanges in February 2021. IFC has invested INR 8,350 million by subscribing to units of BIRET through the recently concluded Institutional Placement under the SEBI REIT Regulations ( QIP ), the proceeds from which shall be utilized for the partial or full prepayment or repayment of the outstanding borrowings of BIRET and companies held by it and general purposes including towards funding growth opportunities and strategic initiatives and acquisitions or such other objects as may be set out in the placement document (the Project ).
