360 ONE Asset Secures 50% Stake in Brookfield’s Bluegrass Business Park in Pune
360 ONE Asset has acquired a 50% stake in the 2 million square feet Bluegrass Business Park in Kalyani Nagar, Pune, from Brookfield Asset Management. The deal, valued at INR 2,400 crores, marks a significant addition to 360 ONE Asset’s real estate portfolio.
Real EstateInvestmentPuneOffice DevelopmentBrookfieldReal Estate PuneAug 25, 2025
Spread over 7 acres, Bluegrass Business Park is one of the best office assets in Pune. It comprises a one-million-square-foot operational tower leased to Mastercard and an under-construction office tower with street retail. Brookfield will continue to oversee the management, development, and leasing of the asset.
Niraj Murarka, Chief Investment Officer, Real Assets, 360 ONE Asset, said, “This acquisition reflects our strategy of investing in high-quality, future-ready real estate assets across core urban markets. We are excited to partner with Brookfield, a leading player with a strong track record in India, and add long-term value to the asset.”
Rachit Kothari, Senior Vice President, Real Estate, Brookfield, said, “We are pleased to further expand our strategic association with 360 ONE Asset. This transaction is a testament to investor confidence in the India office sector and reaffirms the quality of the portfolio we’ve built in the country.”
The investment underscores 360 ONE Asset’s continued focus on scaling its platform through institutionally managed real estate opportunities across India’s top-performing markets through a mix of stable assets and development-led growth. Brookfield is one of the largest office owners and operators in India with over 55 million square feet across key office markets in India.
Shardul Amarchand Mangaldas represented Brookfield and Veritas Legal represented 360 ONE Asset as their respective legal counsels.
Frequently Asked Questions
What is Bluegrass Business Park?
Bluegrass Business Park is a 2 million square feet office development located in Kalyani Nagar, Pune. It includes a one-million-square-foot operational tower leased to Mastercard and an under-construction office tower with street retail.
Who are the key players involved in this acquisition?
The key players involved in this acquisition are 360 ONE Asset and Brookfield Asset Management. 360 ONE Asset has acquired a 50% stake in Bluegrass Business Park, while Brookfield will continue to manage the asset.
What is the value of the acquisition?
The acquisition of a 50% stake in Bluegrass Business Park is valued at approximately INR 2,400 crores ($280 million).
What is the significance of this partnership for 360 ONE Asset?
This partnership marks a significant addition to 360 ONE Asset’s institutional real estate portfolio and represents a first-of-its-kind collaboration between a global institutional investor and an India-focused alternatives fund.
What is Brookfield's role in the real estate market in India?
Brookfield is one of the largest office owners and operators in India, with over 55 million square feet across key office markets in the country.
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