Brookfield has acquired a 100 percent interest in a 10.5 million sq ft industrial and logistics real estate portfolio from ESR India for an investment of Rs. 4,300 crore. This transaction marks Brookfield’s entry into the country’s industrial and logistics real estate segment, widening its presence beyond its established office and hospitality assets.
The commitment of Rs. 4,300 crore, equivalent to about $450 million, covers the acquisition and future development of the portfolio. The exact acquisition value has not been disclosed separately. ESR will continue to manage the properties in the near term, providing continuity for existing occupiers.
Brookfield Enters India’s Industrial and Logistics Market
The acquisition gives Brookfield an immediate presence in one of India’s growing real estate segments. The portfolio includes eight Grade A industrial and logistics parks spread across six metropolitan clusters.
Brookfield has so far built a sizeable Indian real estate presence through office and hospitality assets. Its Indian real estate portfolio is valued at more than $13 billion across these two segments. The latest transaction adds industrial and logistics properties to that platform and contributes to the company’s exposure to warehousing, fulfillment, and light manufacturing facilities. ESR-developed and -managed assets are located in industrial and freight corridors to meet the demand from manufacturers and warehouses. The locations provide access to key consumption centres and logistics catchments.
Portfolio Covers 10.5 Million Sq Ft Across Key Markets
The portfolio is spread across around 400 acres and includes properties in major markets such as Mumbai, Pune, Delhi-NCR, Chennai and Kolkata. Together, the eight parks provide Brookfield with a sizeable operating platform across established industrial and logistics locations.
Around 98% of the operating portfolio is already leased. The properties serve a mix of industrial and logistics occupiers and include warehouses, fulfilment centres and facilities used for light manufacturing.
The high occupancy gives Brookfield an established tenant base from the start of its entry into the segment. It also provides exposure to operating assets rather than requiring the company to build an entirely new logistics platform from the ground up.
ESR to Continue Managing the Properties
Although ownership of the portfolio will move to Brookfield, ESR will continue to manage the properties in the near term. This will offer continuity for existing customers as the portfolio progresses into its next phase of development.
The deal also enhances the existing ties between the two firms in the Asia-Pacific region. For Brookfield, it provides access to an established portfolio and an operating platform in several major logistics markets.
The acquisition is part of Brookfield's broad expansion of its Indian real estate platform. The company has around $33 billion of assets under management in India focused on infrastructure, energy, private equity, real estate and credit.
Logistics Demand Supports Brookfield’s Expansion
The acquisition has come at a time when the need for
industrial and warehousing space is on the rise in the country. Industrial and logistics leasing in the country was at 36.8 million sq ft in the first half of 2026, representing a 15% year-on-year increase. Demand has been driven by manufacturing and third-party logistics companies, in addition to the growth of e-commerce and consumption.
In addition to infrastructure developments, such as highways and freight corridors, the improved connectivity between manufacturing centres, consumption markets and logistics hubs has also resulted in a greater demand for modern warehouses and other industrial facilities in strategically located sites that can facilitate enhanced movement of goods.
Brookfield’s entry through an already operating and largely leased portfolio therefore gives it exposure to established demand as well as future development opportunities. The transaction also adds another major institutional investor to India’s industrial and logistics real estate market, where large portfolios are increasingly attracting global capital.
