Brookfield India Real Estate Trust has agreed to acquire Ecoworld, a major office campus in Bengaluru, for $1.5 billion, enhancing its portfolio and tenant diversification.
Information on the Target
Brookfield India Real Estate Trust has entered into an agreement to acquire 100% ownership of Ecoworld, an expansive office campus located along Bengaluru's Outer Ring Road. This acquisition represents a significant investment of $1.5 billion (approximately INR 13,412 crores). Spanning over 7.7 million square feet and situated on 48 acres, Ecoworld is home to several global capability centers, including major corporations such as Honeywell, Morgan Stanley, and KPMG.
The acquisition is being made at a 6.5% discount to the gross asset value, which is intended to enhance Brookfield REIT's operational footprint by 31% and increase its gross asset value by 34%. This move is strategically aimed at diversifying the tenant mix, thereby increasing the share of global capability center tenants within the portfolio to 45%.
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The real estate industry in India has witnessed a resurgence, particularly driven by increasing demand for commercial office spaces. This upturn can be attributed to the rapid growth of the IT and IT-enabled services sectors, which have si
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Brookfield India Real Estate Trust
invested in
Ecoworld
in 2025
in a Other deal
Disclosed details
Transaction Size: $13M
Revenue: $3M
Enterprise Value: $14M
Equity Value: $13M
Multiples
EV/Revenue: 4.5x
P/Revenue: 4.2x