The company has 75% of Gross Contracted Rentals contracted with multi-national corporations such as Accenture, Barclays, RBS, TCS and Cognizant and the REIT has mark-to-market headroom of 36% to achieve further organic growth through contractual lease escalations.
The initial portfolio comprises 14.0 msf (10.3 msf completed area, 0.1 msf of under construction area and 3.7msf of future development potential. It has rights to acquire a further 8.3 msf and rights of first offer on an additional 6.7 msf, both currently owned by members of the Brookfield Group.
Of the Brookfield Initial Portfolio, 75% of gross contracted rentals are contracted with MNCs such as Barclays, Bank of America Continuum, RBS, Accenture, TCS and Cognizant, with the tenant base operating in a diverse range of industries like technology, financial services, consulting etc. Initial Portfolio has a same store commitment occupancy of 92% with a long 7.1-year (Weighted Average Lease Expiry) WALE.