Brookfield Reit Acquires Bengaluru Office Campus for Rs 13,125 Crore
Brookfield India Real Estate Trust (Biret) has announced the acquisition of a 48-acre office campus in Bengaluru for Rs 13,125 crore, marking its entry into one of the strongest office markets in India.
Brookfield ReitBengaluruOffice CampusReal EstateAcquisitionReal EstateNov 05, 2025
The board of Brookprop Management Services, the manager of Biret, has approved the acquisition of up to 100% of the issued and paid-up equity share capital of Arliga Ecoworld Business Parks. This strategic move is expected to increase Biret’s consolidated gross asset value by 35% and its operating area by 31%.
Alok Aggarwal, the chief executive of Brookfield India Real Estate Trust, commented on the acquisition, stating, “Building on our strong inorganic growth track record, we are excited to announce the proposed acquisition of Ecoworld. This 48-acre, 7.7 msf office campus is located on the Outer Ring Road in Bengaluru, one of the strongest office markets in India. This acquisition will expand the size of our Reit by over 30 percent and position us as a truly pan-India platform.”
The acquisition is a related party transaction but will be conducted at an arm's length basis, ensuring transparency and fairness. This move underscores Brookfield's commitment to delivering value to its unitholders and expanding its footprint in key markets.
Biret has reported a strong financial performance for the September quarter, with a net operating income of Rs 509.4 crore, up 13 percent from Rs 451.2 crore in the same period last year. The trust has also declared a distribution of Rs 336 crore to unit holders, which is 14 percent more than the previous year. This distribution includes dividends and other items.
Currently, the Biret portfolio consists of 29.1 msf of leasable area, including 24.6 msf of operating area, 0.6 msf of under construction area, and 3.9 msf of future development potential. The addition of the Ecoworld campus will significantly enhance the trust's portfolio, making it a leading player in the Indian real estate market.
The acquisition is expected to drive continued leasing momentum and embedded growth prospects, positioning Biret well to deliver sustained value to its unitholders. With this strategic move, Brookfield India Real Estate Trust solidifies its position as a major player in the real estate sector, ready to capitalize on the robust demand for office space in key markets like Bengaluru.
Frequently Asked Questions
What is the value of Brookfield Reit's acquisition in Bengaluru?
The acquisition of the 48-acre office campus in Bengaluru is valued at Rs 13,125 crore.
How much will the acquisition increase Biret’s gross asset value?
The acquisition will increase Biret’s consolidated gross asset value by 35%.
Who are the existing shareholders of Arliga Ecoworld Business Parks?
The existing shareholders of Arliga Ecoworld Business Parks are BSREP III New York FDI-I and BSREP III New York II, part of the Brookfield group.
What is the current net operating income of Biret for the September quarter?
Biret reported a net operating income of Rs 509.4 crore for the September quarter, up 13 percent from the previous year.
How much leasable area does Biret currently have in its portfolio?
Biret currently has 29.1 msf of leasable area in its portfolio, including 24.6 msf of operating area, 0.6 msf of under construction area, and 3.9 msf of future development potential.
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