Dear Unitholders,
India is ascending into the ranks of the top four global economies,
with
massive tailwinds behind it. The growth story is anchored in the build-up of its
physical
infrastructure to house an increasingly digitized world. Real assets, especially
commercial
real estate, is a foundational enabler driving the next phase of this growth. Brookfield
India REIT’s high-quality properties in key gateway cities across India make it the
preferred landlord of choice for leading businesses.
We made strides in FY2025 across all fronts – we scaled with
discipline, delivered above guidance, strengthened our capital base, and continued to
grow
our portfolio towards unitholders value creation.
A SCALABLE PLATFORM BUILT FOR THE FUTURE
India continues to be a global hub for services, technology, and
innovation. It is home to more than 1,600 Global Capability Centers (GCCs) – a number
that
has doubled in the last decade – with global enterprises increasingly centralizing
high-value functions such as AI, engineering and research and global operations here.
Over
70% of Fortune 500 companies are expected to expand their GCC footprint in India.
Higher-quality office spaces offer modern amenities and a superior built environment are
likely to be in greater demand.
Today, Brookfield India REIT comprises 29M sf of high-quality
campuses
across India’s leading innovation and business hubs. With integrated design and flexible
work environments, our assets are built to meet the evolving demands of global and
domestic
enterprises.
In FY2025, we made a pivotal addition to this platform through the
acquisition of a 50% stake in a 3.3M sf portfolio in Delhi NCR. The acquisition enhanced
our
footprint in a high-demand corridor. Such high-quality acquisitions exemplify value
creation
through growth.
INSTITUTIONAL CONFIDENCE, STRATEGIC CAPITAL
To enable expansion and create headroom for future opportunities, we
raised over ₹47B through the year through preferential allotment and a qualified
institutional placement (QIP).
This QIP was a significant milestone – it marked the first Indian
REIT
investment by the International Finance Corporation (IFC) and the Life Insurance
Corporation
of India and was anchored by institutions such as SBI Mutual Fund and ICICI Prudential.
The
diverse demand we saw reflects the trust in our strategy and the strong portfolio we’ve
built in India and underlines our ability to raise institutional capital.
STRONG FUNDAMENTALS, SUSTAINED GROWTH
Our growth was underpinned by strong operating performance. We
delivered
tangible results:
- 2.2M sf of new leasing, at a 19% re-leasing spread
- Committed occupancy rose to 88%, up from 82%
With a weighted average lease expiry of seven years and a diverse
occupier base, our portfolio continues to offer stability and long-term income
visibility.
These metrics validate the strength of our ecosystem-led campus strategy and our ability
to
meet complex occupier needs – across scale, sustainability, and reliability.
