The Brookfield REIT is India’s only institutionally managed public commercial real estate vehicle. Sponsored by an affiliate of Brookfield Asset Management (BAM), one of the world’s largest alternative asset managers. Its goal is to be the leading owner of high quality income producing commercial real estate assets in key gateway Indian markets, which have significant barriers to entry. It seeks to achieve this objective through the performance of its high quality Initial Portfolio, driven by proactive portfolio management, maintaining a prudent capital structure, implementing corporate governance framework aligned with best market practices, and access to Brookfield’s global platforms, which provide it a breadth of resources, relationships and expertise.

Further, to execute its strategy, its Manager, which is an affiliate of Brookfield, has an on-ground professional management team with extensive industry experience, domain knowledge and a strong track record of value creation. It has the exclusive right, at its discretion, to acquire the Identified Assets, one office park in each of Gurugram and Noida, similar to the office parks in the Initial Portfolio that are near-stabilization and currently owned by members of the Brookfield Group.

Business area of the Brookfield REIT

In line with its strategy and business plan, it owns an Initial Portfolio of four large campus-format office parks, which are ‘business-critical’, located in some of India’s key gateway markets - Mumbai, Gurugram, Noida and Kolkata. Its Initial Portfolio totals 14.0 msf, comprising 10.3 msf of Completed Area, 0.1 msf of Under Construction Area and 3.7 msf of Future Development Potential.

Awards and other certifications:

• 2019: Bagged Emerging Developer of the Year award to Candor Office Parks (All Assets) from Realty + Excellence Awards North.
• 2019: Bagged Commercial Project of the Year award to Candor Techspace G2 from Realty + Excellence Awards North.
• 2019: Received Certificate of recognition for elderly and differentially abled health initiatives to Candor Techspace from IHW Council.
• 2019: Received Certificate of Recognition for Best Corporate Social Responsibility Practices to Candor Techspace G2 from Haryana State Government.
• 2019: Won 5 Star Energy Label to Candor Techspace N1 from Bureau of Energy Efficiency.
• 2020: Bagged Developer of the Year – Commercial award to Brookfield properties from ET Now.
• 2020: Bagged IT Park Project of the Year award to Candor Kolkata from Realty + Conclave & Excellence Awards East.
• 2020: Bagged Commercial Developer of the Year award to Candor Kolkata from Realty +.
• 2020: Received Five Star Occupational Health & Safety Rating to Candor TechSpace G2 from British Safety Council.
• 2020: Bagged Green Champion Award to Brookfield properties from Indian Green Building Council.
• 2020: Bagged Developer of the Year – Commercial award to Brookfield Properties from Realty+.