The Brookfield India Real Estate Trust comprises of grade-A commercial assets located in four major cities – Mumbai, Gurgaon, Noida and Kolkata. These cities have exhibited strong economic fundamentals, healthy demand across sectors and quality supply addition of office space, which are critical drivers for the real estate sector.
Our Initial Portfolio of four large campus-format office parks, which are “business-critical” totals to 14.0 M sf, comprising 10.3 M sf of Completed Area, 0.1 M sf of under construction area and 3.7 M sf of Future Development Potential and comprises of Kensington, Candor Techspace, Sector 21, Gurugram, Candor Techspace, Sector 62, Noida and Candor Techspace, Rajarhat, Kolkata.
Our assets are well differentiated in their respective markets due to their campus-format offering, strategic location, extensive connectivity, high quality specifications, modern amenities and our focus on sustainability initiatives. The status of these office parks has further been enhanced through our institutional ownership, our Manager’s industry-leading asset management practices and a variety of placemaking initiatives, which have led to superior tenant experiences. These competitive strengths have translated into the office parks outperforming in their micro-markets through a marquee tenant roster, high and consistent occupancy levels, strong renewal and expansion history with existing tenants and outsized rental growth.
WEIGHTED AVERAGE LEASE EXPIRY
**As of September 30, 2020.
Uniquely positioned as the only private IT/ITeS Special Economic Zone in island city of Mumbai. The office park is situated within Hiranandani Gardens, a modern township comprising of residential towers, office complex, hospitals, school and high street retail.
Spread over 28.53 acres, Candor Techspace, Sec-21, Gurugram (G2) is the largest office Special Economic Zone in Gurugram in terms of leasable area.
Spread over 19.25 acres, Candor Techspace, Sec-62, Noida (N1) is the largest IT park in Sector 62, Noida micro-market in terms of the leasable area. Located in close proximity to Delhi and is connected to the rest of NCR by 14 lane expressway and the metro rail.
The largest campus style office development in eastern India. The Grade-A office park is spread over 48.38 acres in the New Town precinct of the Rajarhat micro market.
Brookfield India Real Estate Trust benefits from a right of first offer on certain of the Brookfield Group’s 100% owned commercial real estate assets, which will enable us to add prime high quality commercial properties to our portfolio in Mumbai, consistent with our strategy to consolidate our presence in our key markets.