Global investment major Brookfield has appointed two investment banks to begin work on the proposed qualified institutional placement (QIP) offering of its real estate investment trust (REIT) - Brookfield India Real Estate Trust - to raise up to Rs 3,500 crore, said people aware of the development.
The proposed QIP offering to raise funds from institutional investors is aimed primarily at funding the recently announced Rs 13,125-crore acquisition of Arliga Ecoworld Business Parks Private Limited, owned by Brookfield entities. Ecoworld Business Parks owns commercial office space of 7.7 million sq ft in Bengaluru.
“Brookfield has picked Kotak Investment Bank and JM Financial to manage the share sale. Around Rs 2,500 crore is expected to be used for funding the Ecoworld acquisition, while the remaining money may be used for repayment of some debt and other general corporate purposes,” said one of the sources.
“The launch will depend on shareholder approval for the QIP and other regulatory approvals for the acquisition. The deal is expected to hit the market at the end of the calendar year or early next calendar year,” the source added.
Brookfield REIT shareholders will vote on the acquisition and the share sale on November 28 at the company’s extraordinary general meeting.
In a recent stock exchange disclosure, Brookfield REIT commented, “The Scheme has been allowed by the National Company Law Tribunal, Bengaluru bench (NCLT) on October 29, 2025, and the order of the NCLT, once received, shall be filed with the Registrar of Companies. Upon effectiveness of the Scheme, the Target SPV (Special Purpose Vehicle) shall own the Target Asset.”
Brookfield declined to comment on Moneycontrol’s query.
Ecoworld Business Parks
The commercial office park located on the Outer Ring Road in Bengaluru is an integrated campus, spread across 48 acres and 15 buildings.
The park has a total leasable area of 7.7 million sq ft, of which 6.6 million is currently leased out with an occupancy of 94 percent across 64 tenants.
The property’s rental price currently stands at Rs 102 per sq ft, with a weighted average lease expiry period of six years.
Debt at the Ecoworld Business Parks entity stands at Rs 4,730 crore. The acquisition will be done in two tranches, with tranche one of Rs 12,000 crore and a second tranche of Rs 1,125 crore to be paid within 18 months.
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