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Brookfield’s REIT portfolio is anchored by Kensington office park in Mumbai
This Wednesday sees the initial public offering of Brookfield India REIT, which hopes to raise INR 3,800 crore ($520 million) as it becomes just the third real estate investment trust to trade on the Indian stock exchanges.
The REIT, sponsored by an affiliate of Canada-based Brookfield Asset Management, has a price band of INR 274-275 per share for the IPO at a minimum lot size of 200 shares. The share issue is to open on 3 February and close on 5 February before the shares list on the BSE and the NSE on 17 February.