Brookfield acquires 10.5 million sq ft logistics portfolio from ESR India for ₹4,300 crore
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Global investment firm Brookfield has acquired a 100 per cent interest in a 10.5 million sq ft industrial and logistics real estate portfolio from ESR India, marking its entry into India's industrial and logistics real estate sector. As part of the transaction, Brookfield has committed ₹4,300 crore ($450 million) towards the acquisition and future development of the portfolio, according to a company statement. ESR will continue to manage the properties in the near term. Spread across approximately 400 acres in six major metropolitan clusters, the portfolio comprises eight Grade A industrial and logistics parks across key gateway markets, including Mumbai, Pune, Delhi NCR, Chennai and Kolkata. Developed and managed by ESR, the assets are located along key industrial and freight corridors, with proximity to major manufacturing and warehousing hubs. Their locations provide access to established consumption centres and logistics catchments. The acquisition builds on the existing relationship between Brookfield and ESR across the Asia-Pacific region. The transaction also highlights ESR's integrated development and fund management platform and its ability to develop and manage institutional-grade logistics infrastructure at scale. Brookfield currently owns and operates real estate assets worth more than $13 billion in India across office and hospitality segments. Its portfolio...
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