BSEBrookfield India Real Estate Trust REITHighNeutral
Announced Mon, 10 Aug, 2026 · 23:13 IST

Brookfield India REIT to acquire 50% stake in Godrej BKC floors for Rs 17,000 mn

Price reaction

Awaiting price reaction for this filing.

AI summary

Board approved acquiring 50% effective stake in Parthos Properties which owns 3 floors in Godrej BKC Mumbai. Enterprise value is Rs 17,000 mn (100% basis), at a 3.59% discount to average of two independent valuations of Rs 17,633 mn. Deal done in 50-50 partnership with NCW Prime Offices Fund. Related party transaction as sellers are Brookfield group entities, subject to unitholder approval on Sep 3, 2026. Q1 FY27 NOI rose 52% YoY to Rs 7,566 mn, DPU of Rs 5.60, committed occupancy at 93%, gross leasing of 1.1 MSF with 14% re-leasing spread.

Likely market impact

Adds prime BKC asset to portfolio, supports NOI and distribution growth; related party deal needs unitholder approval to close.