Brookfield India REIT Secures Rs 2,000 Crore via Sustainability-Linked Bonds

Brookfield India Real Estate Trust (REIT) has achieved a significant milestone by raising Rs 2,000 crore through its first sustainability-linked bonds. The International Finance Corporation (IFC) played a pivotal role as the anchor investor in this transaction. The bonds, with a five-year tenure, carry a quarterly coupon of 7.06 percent and have attracted both domestic and international institutional investors.

This marks the REIT’s second major fundraising in two weeks, following a Rs 3,500 crore qualified institutional placement (QIP) earlier this month. The funds raised will be instrumental in supporting Brookfield’s future growth plans and expansion activities, including acquisitions and portfolio diversification.

Last month, Brookfield India REIT signed an agreement to acquire Ecoworld, a 7.7 million sq ft office campus spread over 48 acres in Bengaluru, for Rs 13,125 crore. Part of the recent QIP proceeds will be used to finance this landmark acquisition, which is the largest announced by an Indian REIT to date.

Over the past 12 months, Brookfield India REIT has raised a total of Rs 10,000 crore through a combination of equity and debt instruments. This reflects strong investor confidence and the growing trend of REITs leveraging bonds for funding.

Brookfield Asset Management is also making significant investments in India. The company is committing $1 billion to develop Asia’s largest global capability center (GCC) in Mumbai’s Powai. Spanning 6 acres with 2 million sq ft of leasable area, the center is expected to be leased to a US banking major for 20 years.

Brookfield India REIT manages 10 grade-A office assets across major Indian cities, including Mumbai, Delhi, Gurgaon, Noida, and Kolkata. Its portfolio totals 29.1 million sq ft, combining operating, under-construction, and future development spaces, making it India’s only fully institutionally managed office REIT.