The Brookfield India Real Estate Trust is India’s only institutionally managed public commercial real estate vehicle. Sponsored by an affiliate of Brookfield Asset Management, one of the world’s largest alternative asset managers with approximately US$550 billion in assets under management, as of June 30, 2020, our 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.
Over the last two decades, India has emerged as a leading hub for technology and corporate services due to a highly skilled and young workforce with a distinct competitive cost advantage. Approximately 90 million people are expected to be added to the workforce by 2030 and as the global spending on software and IT services is forecasted to grow at a robust rate between FY 2020 and FY 2025 and the technology industry in India is expected to grow at a CAGR of 13% to US$350 billion by FY 2025 from an estimated US$191 billion in FY 2020 due to the large STEM talent pool, competitive cost advantage and favourable demographics in the country. This structural driver will further increase office absorption, creating compelling opportunities across the commercial real estate market in India as per the report “India Commercial Real Estate Overview” dated September 22, 2020, prepared by Cushman & Wakefield (India) Private Limited.
Our strategy is to address this demand by owning and operating large “fully-integrated”, “campus style” office parks in established locations, and providing a complete ecosystem to our tenants and their employees.
The primary objective of our strategy is to provide attractive risk-adjusted total returns to our unitholders derived from:
The strong performance of our high quality initial portfolio, will be driven by proactive portfolio management, a prudent capital structure and a corporate governance framework aligned with best market practices. In addition access to Brookfield Asset Management’s global platform provides a breadth of resources, relationships and expertise that compliments an on-ground management team with extensive experience, domain knowledge and a strong track record of value creation.
Axis Trustee Services Limited
Brookfield India Real Estate Trust
Brookprop Management Services Private Limited
Candor Kolkata One Hitech Structure Private Limited1 100%
Shantinekatan Properties Private Limted 100%
Festus Properties Private Limted 100%
Candor India Office Parks Private Limited 100%
Candor Gurugram One Reality Project Private Limited
Seaview Developers Private Limited
Brookfield India Real Estate Trust is sponsored by an affiliate of Brookfield Asset Management, one of the world’s largest alternative asset managers and investors. With approximately US$550 billion of assets under management, as of June 30, 2020, across real estate, infrastructure, renewable power, private equity and credit. Brookfield Asset Management has a global presence of over 150,000 operating employees across more than 30 countries, as of June 30, 2020. Listed on the NYSE and TSX, it has a market capitalization of over US$50.51 billion as of September 20, 2020.READ MORE
*Certain operational information about the portfolio, as of June 30, 2020.
Our Manager – an affiliate of Brookfield Asset Management, has a management team with extensive industry experience that helps us manage our office parks in India. It meets the eligibility criteria specified under REIT regulations (net worth not less than ₹100 million), with a net worth of ₹144.37 million, as of July 27, 2020.
As a real estate service company, it provides management services, including facility management and project delivery to the real estate assets held by the Brookfield Group across India. As such, our Manager’s team has deep domain knowledge and experience in managing these properties and has demonstrated a robust track record in delivering value. Since April 1, 2015, our Manager has leased 4.3 M sf and delivered 3.1 M sf of completed area within the Initial Portfolio.
Brookprop Management Services Private Limited is highly regarded in the real estate community and has extensive relationships with a broad range of tenants, brokers and lenders. Led by Alok Aggarwal (the Managing Director and CEO of our Manager), our Manager’s team consists of 42 dedicated professionals, as of June 30, 2020.
The team has in-depth experience in real estate investments, asset management, research and property management, with the key managerial personnel and core team having an average of more than 25 years of experience in the real estate industry in India. As such, our Manager has operating and investing experience through multiple real estate cycles, provides valuable insight and perspective into the portfolio management of our current office parks as well as the underwriting of new investments.
Our governance structure reflects a rigorous approach to corporate governance, taking into account the interests of our Unitholders while leveraging our relationship with Brookfield Asset Management, which has a strong track record of high standards of governance. Brookfield Asset Management is listed on the NYSE and TSX and we benefit significantly from their strong corporate governance standards.
The governance structure is based on the following pillars that enable it to align and commensurately represent the interests of all our stakeholders:
Chief Executive Officer
Chief Financial Officer
Regional Head – North
(Gurugram & Noida)
Regional Head – West
(Mumbai & Pune)
Vice President – Projects
Senior Vice President – Legal
Vice President – Operations
|Name of the committee||Present members|
|Stakeholders’ Relationship Committee||
|REIT Offer Committee||
Axis Trustee Services Limited is the Trustee of the Brookfield India Real Estate Trust. The Trustee is a registered intermediary with SEBI under the SEBI (Debenture Trustees) Regulations, 1993, as amended, as a debenture trustee having registration number IND000000494 which is valid until suspended or cancelled by SEBI. The Trustee is a wholly owned subsidiary of Axis Bank Limited.
The Trustee is involved in varied facets of debenture and bond trusteeships, including, advisory functions and management functions. The Trustee also acts as a security trustee and is involved in providing services with respect to security creation, compliance and holding security on behalf of lenders. As the Trustee, it ensures compliance with all statutory requirements and believes in ethical standards and best practices in corporate governance. It aims to provide best services in the industry with its well trained and professionally qualified staff with a sound legal acumen.
The Trustee is also involved in providing services as
The REIT Portfolio houses a diverse base of marquee tenants with 75% of Gross Contracted Rental..Read More
Over the years, the completed area of the REIT Portfolio has increased by 4.1 M sf through on campus developments.Read More
21st National Award for Excellence in Energy Management– Energy Efficient Unit
Innovative Digital Campaign of the Year
Developer of the Year - Commercial
IT Park Project of the Year
Excellence in Energy Management