亚博体育官网首页

Brookfield India Real Estate Trust plans to raise up to Rs.35 billion
Real Estate

Brookfield India Real Estate Trust plans to raise up to Rs.35 billion

Brookfield India Real Estate Trust (BIRET) is planning to raise up to Rs 35 billion to fund its proposed acquisition of two commercial properties. BIRET intends to raise the funds through the issuance of units to institutional investors or through preferential allotment of units. BIRET and Sing...

Brookfield India Real Estate Trust (BIRET) is planning to raise up to Rs 35 billion to fund its proposed acquisition of two commercial properties. BIRET intends to raise the funds through the issuance of units to institutional investors or through preferential allotment of units. BIRET and Singapore's sovereign wealth fund GIC announced a partnership to acquire two commercial properties in India for Rs 112.25 billion. To finance these acquisitions, BIRET proposed an institutional placement of up to Rs 35 billion, with the possibility of considering other fundraising methods such as preferential allotment of units.The board of the manager of the REIT has approved an enabling resolution to raise the funds, subject to unit holder approval. The proposed institutional placement is expected to raise Rs 34 billion specifically for the asset acquisitions. This fundraising initiative will enable BIRET to finance its acquisition plans and further strengthen its portfolio of commercial properties in India.

Next Story
Resources

Hafele launches Platinum Studio in Nagpur

Hafele has expanded its franchise footprint in central India by opening a new Studio Partner Platinum showroom in Nagpur in collaboration with Onkar Furnitech. The studio was inaugurated by Nitin Gadkari, Minister of Road Transport and Highways, along with Padma Gupta, Director 鈥� HR & Customer Experience, Hafele South Asia.Located at Sarthak Plaza, South Ambazari Road, Laxmi Nagar, the showroom offers an immersive experience of Hafele鈥檚 wide-ranging interior and home solutions. Designed as a hands-on, real-life application space, the studio showcases Hafele鈥檚 full portfolio鈥攊ncludi..

Next Story
Resources

Truflo by Hindware wins GPTW honour again

Truflo by Hindware has been certified a Great Place to Work for the fourth consecutive year, reaffirming its commitment to a people-first culture. The certification was awarded by the Great Place to Work Institute following a rigorous evaluation of employee experience, leadership, culture, and HR practices.Known as India鈥檚 fastest-growing plastic pipes and fittings company, Truflo has focused on fostering an inclusive, innovative, and growth-driven work environment. The company prioritises employee well-being and professional development, creating a culture where people feel valued and empow..

Next Story
Infrastructure Transport

Ahmedabad鈥檚 Rs 1.17 Billion Flyover Opens

A major infrastructure milestone was achieved in Ahmedabad with the inauguration of a new Rs 1.17-billion flyover at Pallav Char Rasta on May 18.Union 亚博体育官网首页 and Cooperation Minister Amit Shah, who represents the Gandhinagar Lok Sabha constituency, unveiled the structure that was expected to ease vehicular congestion for nearly 1.5 lakh daily commuters navigating through the city鈥檚 busy Naranpura zone. The flyover, constructed across the 132-feet Ring Road, extended 935 metres in length and spanned 8.4 metres in width. It reached a height of 5.37 metres at the Pragatinagar junction and feature..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement