Brookfield India Real Estate Trust REIT IPO
Brookfield India Real Estate Trust is India's only institutionally managed public commercial real estate company, sponsored by an affiliate of Brookfield Asset Management (BAM), part of Brookfield Group.
The company has campus-format office parks strategically located in Mumbai, Noida, Gurugram, and Kolkata. Its portfolio comprises of 14.0 msf with 10.3 msf completed area, 0.1 msf under construction and 3.7 msf are of future development. Its completed area has an occupancy rate of 92%.
Multi-national corporations like Barclays, Bank of America Continuum, RBS, TCS, Cognizant, and Accenture are some of the clients of Brookfield India Real Estate Trust.
Competitive Strengths:
- Global sponsorship by an affiliate of Brookfield Asset Management.
- Strategically located properties.
- Diversified tenant base across sectors.
- Strong internal and external growth opportunities.
- The Experienced senior management team.
Company Promoters:
- BSREP India Office Holdings V Pte. Ltd is the promoter of the company.
Company Financials
| Particulars | For the year/period ended (₹ in Million) | |||
| Summary of financial Information (Restated) | 30-Sept- 20 |
31-Mar- 18 | ||
| Total Assets | 51,367.15 | 53,780.50 | 50,436.97 | 48,932.97 |
| Total Revenue | 4,674.66 | 9,813.95 | 9,298.30 | 8,662.51 |
| Profit After Tax | (739.22) | 151.22 | (157.45) | 1,610.84 |
Objects of the Issue:
The net proceeds from the Brookfield India Real Estate Trust will be utilized for the following purposes:
- To make partial or full payment of existing indebtedness of the Asset SPVs.
- To meet general corporate purposes.
Issue Details
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