Brookfield India Real Estate Trust raises over ₹2,300 crore through QIP
The Brookfield India Real Estate Trust on 2 August announced that it has completed raising over ₹2,300 crore through Qualified Institutional Placement (QIP) of Units.
The firm further noted that the proceeds from the placement will be directed toward financing the announced acquisition of two large commercial assets from Brookfield Asset Management’s private real estate funds, it said in a stock regulatory filing.
“We thank the institutions that have shown their support for the fund raise which expands and diversifies our investor base and stands as a testament to the quality of office portfolio we have built in the country,” Ankur Gupta, Managing Partner, Head of Real Estate for the APAC region at Brookfield said.
“We are grateful to our unitholders for the support and vote of confidence in the growth strategy for the REIT, which will further strengthen BIRET’s presence across India,” said Alok Aggarwal, Chief Executive Officer, Brookprop Management Services Private Limited.
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Updated: 02 Aug 2023, 03:08 PM IST
