Brookfield India Real Estate Trust (BIRET) has announced plans to acquire 7.7 million sq ft of commercial assets in Bengaluru for approximately ₹13,125 crore, marking a major expansion of its office portfolio in one of India’s fastest-growing business hubs. The acquisition is proposed as a related-party transaction and is expected to be executed on an arm’s length basis, the company said.
In a regulatory filing, BIRET stated that the Board of Directors of Brookprop Management Services Pvt Ltd, which manages the REIT, approved the acquisition of up to 100 per cent of the issued and paid-up equity share capital of Arliga Ecoworld Business Parks Pvt Ltd. The acquisition will be completed at a price of ₹13,125 crore from the current shareholders of the Ecoworld special purpose vehicle (SPV).
The existing shareholders of Ecoworld SPV include BSREP III New York FDI I (DIFC) Ltd and its nominee, BSREP III New York II (DIFC) Limited, forming part of the Brookfield group. The deal covers a 48-acre office campus located on Bengaluru’s Outer Ring Road (ORR), one of the city’s most strategic commercial corridors with proximity to major IT and corporate hubs.
“This acquisition will mark our entry into one of India’s strongest office markets, expanding the size of our REIT by over 30 per cent and positioning us as a truly pan-India platform,” said Alok Aggarwal, Chief Executive Officer and Managing Director of Brookfield India Real Estate Trust. He added, “Our embedded growth prospects remain strong with continued leasing momentum, making us well-positioned to deliver value to our unit holders.”
The acquisition aligns with BIRET’s broader strategy of inorganic growth and portfolio diversification. The trust currently manages 10 Grade A office assets across Delhi, Mumbai, Gurugram, Noida, and Kolkata, with a combined leasable area of 29.1 million sq ft. This includes 24.6 million sq ft of operating space, 0.6 million sq ft under construction, and 3.9 million sq ft earmarked for future development, demonstrating the REIT’s strong focus on quality office real estate in prime locations.
Bengaluru, as a market, is considered one of India’s strongest office ecosystems, driven by rapid expansion in IT, technology, and multinational services. The Outer Ring Road corridor, in particular, has witnessed sustained demand from corporate tenants due to its connectivity, infrastructure, and availability of large, integrated office campuses. Analysts note that adding Ecoworld to BIRET’s portfolio strengthens the REIT’s presence in southern India and enhances its pan-India diversification strategy.
The acquisition is expected to enhance BIRET’s asset quality, increase its scale, and improve overall leasing efficiency. With this move, the trust is likely to attract additional corporate tenants and institutional investors, boosting rental income and potential returns for unit holders. According to market observers, BIRET’s continued investment in high-quality Grade A office assets reflects confidence in India’s commercial real estate sector despite macroeconomic challenges and shifts in office demand patterns.
BIRET’s portfolio strategy emphasizes long-term value creation, with a focus on premium office spaces in prime locations, sustainable leasing practices, and tenant-centric operations. The Ecoworld campus, with its modern infrastructure and strategic location, is expected to complement these objectives while providing a strong platform for future growth.
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