Brookfield buys 51% stake in Bharti Enterprises’ four prime commercial assets – Times of India

NEW DELHI: World funding agency Brookfield has agreed to purchase 51 per cent stake in Bharti Enterprises’ 4 business properties, together with Worldmark at Aerocity within the nationwide capital, at an enterprise worth of Rs 5,000 crore.
In an announcement, Bharti Enterprises and Brookfield introduced that they’ve entered right into a three way partnership for 4 business properties totalling to three.3 million sq. ft.
The properties embody Worldmark Aerocity (Delhi), Worldmark 65 and Airtel Heart (Gurgaon) and Pavillion Mall (Ludhiana).
“As a part of the three way partnership, a Brookfield personal actual property fund will buy a 51 per cent stake from Bharti Enterprises, which is able to proceed with a 49 per cent financial curiosity within the properties. The enterprise worth for the transaction is Rs 5,000 crore,” Bharti Enterprises mentioned in an announcement.
Brookfield’s actual property working arm, Brookfield Properties, will handle the properties going ahead.
Worldmark Aerocity is a mixed-use property of 1.43 million sq. ft in Delhi NCR. Airtel Heart is a 700,000 sq ft company facility positioned in North Gurgaon, and Worldmark 65 is one other 7,00,000+ sq ft newly constructed mixed-use asset in South Gurgaon.

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