Property investment giant, Brookfield, boosts ownership in Mumbai's office-park operator to almost 10% market share.
Brookfield Asset Management, one of the largest private equity players in India's real estate space, has increased its stake in a Mumbai office park owner. The specific office park owner and the exact percentage of the stake are not specified in the news.
The Mumbai office park, whose stake Brookfield Asset Management has increased to nearly 10%, is owned by Commerz Real, a 100% subsidiary of Commerzbank. Brookfield's new stake in the Mumbai office park owner is not accompanied by any financial details.
The news also mentions several other entities that are active in India's real estate market, including Haldiram, Blackstone, Advent International, Kotak Alts, Reliance Consumer, and GIC. GIC is reportedly considering a top-up bet on an Indian infrastructure firm for a highway acquisition, but no further details are provided.
Brookfield Asset Management manages over 55 million square feet of commercial office assets in India, but the news does not provide any information about the company's current or future investments beyond the Mumbai office park owner.
The dates, locations, and specifics of the transactions involving Brookfield Asset Management and the Mumbai office park owner are not disclosed in the news. Similarly, the paragraph does not mention any potential slips in funding or deals signed by 360 ONE and MO Alts. The news also does not provide any information about the performance of Brookfield, Augment, or the Danish fund in their partial exits from the IPO-bound firm.
In summary, Brookfield Asset Management has increased its stake in a Mumbai office park owner, but the exact office park and the financial details of the transaction remain undisclosed. The news also mentions several other entities active in India's real estate market and a potential top-up bet by GIC, but no further details are provided.
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