|
Private Sector | Multi State - India | PID: 202833
|
Brookfield Asset Management plans to invest more than USD 10 billion in India over the next three to five years. This will also lead to doubling of Brookfield’s real estate assets under management (AUM) in the country.
Brookfield's strategy for future growth in India is focused on continued diversification and expansion in housing, industrial and retail sectors. The firm is currently executing a serviced apartment project in Andheri, Mumbai and mulls building housing projects along with commercial and retail spaces in locations with substantial commercial spaces. As among the largest office owners and operators in India, Brookfield currently has a portfolio spanning more than 51 million sq. ft. across seven key Indian cities. The firm currently has total AUM of more than $25 billion across infrastructure, renewable power and transition, real estate, and private equity sectors in India.
To sustain this momentum led by double-digit growth in India, Brookfield consistently evaluates opportunities to either recycle assets into REIT or to acquire new assets, thereby expanding portfolio. The portfolio of Brookfield’s listed Real Estate Investment Trust (REIT) consists of 25.4 million sq. ft. of total leasable area, 20.7 million sq. ft. operating area, and 3.9 million sq ft of future development potential. It will leverage growth ventures across hospitality, industrial warehousing and coworking segments in India.
| Updated on: 03 - May - 2024
|
|
|
|