Brookefield India REIT, Singapore's GIC to buy India assets for $1.4 bln

Brookfield India Real Estate Trust

19/05/2023 07:41

BENGALURU, May 19 (Reuters) - Brookfield Asset
Management  BAM.TO  will sell two commercial properties in India
to a partnership of its locally listed REIT Brookfield India
 BROF.NS  and Singapore sovereign wealth fund GIC in a deal with
an enterprise value of $1.4 billion.
    Brookfield India REIT, in a statement on Friday, said the
deal will increase its gross asset value to $3.5 billion and the
net asset value to $2 billion.

 (Reporting by Navamya Ganesh Acharya in Bengaluru; Editing by
Savio D'Souza)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))