Brookfield India REIT Acquires 50% Stake in Rostrum Realty Private Limited with SAM & Co.'s Expertise
SAM & Co. advised Brookfield India Real Estate Investment Trust on its acquisition of a 50% stake in Rostrum Realty Private Limited from the Bharti group.
Real EstateInvestment TrustBrookfield IndiaSam CoLaw FirmsReal Estate NewsJun 26, 2024
The acquisition includes four marquee commercial properties, totaling 3.3 million square feet, at an enterprise value of INR 60,000 million. As a result, the Bharti group will become the second largest unitholder in Brookfield India REIT, India's only 100% institutionally managed office REIT, with an ownership stake of 8.53%.
The SAM & Co. team was led by Jay Gandhi, Partner; Nikhil Naredi, Partner; Abhishek Parekh, Partner; Priya Awasthi, Principal Associate; Namrata Mehta, Principal Associate; Harini Jambunathan, Senior Associate; and Mahinder Udasi, Associate.
Brookfield India REIT is a leading real estate investment trust in India, focused on investing in high-quality commercial properties. The REIT is sponsored by Brookfield Asset Management, a global alternative asset manager with over $600 billion in assets under management.
Rostrum Realty Private Limited is a leading real estate developer in India, with a portfolio of marquee commercial properties.
Shardul Amarchand Mangaldas & Co. (SAM & Co.) is a full-service law firm with offices in India and Singapore. The firm provides legal services to clients across various sectors, including real estate, corporate, and finance.
Frequently Asked Questions
What is the value of the deal between Brookfield India REIT and Rostrum Realty Private Limited?
The deal is valued at approximately Rs. 12,279 million.
What is the stake acquired by Brookfield India REIT in Rostrum Realty Private Limited?
Brookfield India REIT has acquired a 50% stake in Rostrum Realty Private Limited.
Who led the SAM & Co. team in advising Brookfield India REIT?
The SAM & Co. team was led by Jay Gandhi, Partner; Nikhil Naredi, Partner; Abhishek Parekh, Partner; and other team members.
What is the enterprise value of the four marquee commercial properties acquired by Brookfield India REIT?
The enterprise value of the four marquee commercial properties is INR 60,000 million.
What is the ownership stake of the Bharti group in Brookfield India REIT after the deal?
The Bharti group will own 8.53% of Brookfield India REIT after the deal.
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