Brookfield India Real Estate Trust (Brookfield India REIT) has raised ₹3,500 crore through a Qualified Institutional Placement (QIP), marking a significant move towards strengthening its financial position. This capital raise will primarily focus on reducing the company’s leverage and creating room for acquiring high-quality real estate assets.
The QIP saw strong participation from notable investors, including the International Finance Corporation (IFC) and Life Insurance Corporation of India (LIC), marking the first-ever REIT investments from these entities in India. Other prominent anchor investors included SBI Mutual Fund and ICICI Prudential Mutual Fund. The overall demand for the offering exceeded ₹5,200 crore, with ₹3,500 crore successfully allotted to investors. Alok Aggarwal, CEO and Managing Director of Brookfield India REIT, shared that the raised funds will help the trust strategically reduce its leverage, thus positioning it for future acquisitions of top-tier properties. The QIP issuance and allotment of 12.77 crore new units was approved on December 12, 2024, by the issue committee of Brookprop Management Services, which manages Brookfield India REIT. This latest fundraising comes after a similar QIP in August 2023, where Brookfield India REIT raised over ₹2,300 crore to acquire premium properties such as Brookfield’s Downtown Powai in Mumbai and Candor TechSpace (G1) in Gurugram. Brookfield India REIT’s ongoing efforts to strengthen its balance sheet and expand its portfolio align with its long-term strategy of acquiring and managing high-quality commercial real estate assets across India.
