360 One Asset Acquires 50% Stake in Bluegrass Business Park, Pune
360 One Asset, through its real assets funds, has acquired a 50% stake in the Bluegrass Business Park in Pune from Brookfield Asset Management for an enterprise value of Rs 2,400 crore. The asset is a 2-million square feet office development in Kalyani Nagar, Pune.
Real EstateAsset ManagementPuneBluegrass Business Park360 One AssetReal Estate PuneAug 25, 2025
The asset is a 2-million square feet office development spread across 7 acres in Kalyani Nagar, Pune. The Bluegrass Business Park comprises a 1-million-square-foot operational tower leased to Mastercard and an under-construction office tower with street retail, according to Niraj Murarka, chief investment officer at 360 One Asset.
Brookfield will continue to oversee the management, development, and leasing of the asset. Rachit Kothari of Brookfield stated that this transaction is a testament to investor confidence in the India office sector and reaffirms the quality of the portfolio they have built in the country.
Brookfield is one of the largest office owners and operators in the country with over 55 million square feet across key office markets. The company’s extensive portfolio and management expertise make it a leading player in the Indian real estate market.
360 One is the largest wealth and asset management firm in the country, with around $78 billion in assets under management. Through its wholly-owned subsidiary, 360 One Asset, the firm has built one of the country’s largest alternative asset management platforms, managing $6 billion AUM as of June 2025. Its differentiated product suite includes alternative investment funds, portfolio management services, exchange-traded funds, and mutual funds, including advisory and offshore. These offerings span public and private equity, fixed income, and real assets.
This acquisition is expected to strengthen 360 One Asset’s position in the Indian real estate market and provide further opportunities for growth and diversification. The partnership with Brookfield is seen as a strategic move that leverages the strengths of both companies to deliver value to investors.
Frequently Asked Questions
What is the enterprise value of the Bluegrass Business Park acquisition?
The enterprise value of the Bluegrass Business Park acquisition is Rs 2,400 crore.
Who is 360 One Asset and what is their role in this transaction?
360 One Asset is the largest wealth and asset management firm in India, with around $78 billion in assets under management. Through its real assets funds, it has acquired a 50% stake in the Bluegrass Business Park in Pune.
What is the size of the Bluegrass Business Park?
The Bluegrass Business Park is a 2-million square feet office development spread across 7 acres in Kalyani Nagar, Pune.
Who will continue to manage the Bluegrass Business Park after the acquisition?
Brookfield will continue to oversee the management, development, and leasing of the Bluegrass Business Park.
What is the significance of this acquisition for 360 One Asset?
This acquisition marks a significant addition to 360 One Asset’s institutional real estate portfolio and is a first-of-its-kind partnership between a global institutional investor and a domestic alternatives fund, strengthening their position in the Indian real estate market.
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