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About Brookfield India Real Estate Trust - Company Information, Overview, History and Profile

What does Brookfield India Real Estate Trust do?

Brookfield India Real Estate Trust is primarily engaged in the business of developing, maintaining and leasing commercial real estate properties in India, CODM reviews the entire business as a single operating segment and accordingly disclosure requirements of Ind AS 108 “Operating Segments” in respect of reportable segments are not applicable.

Website: brookfieldindiareit.in

Brookfield India Real Estate Trust Management structure

All Gross Remunerations are in INR
Mr. Amit Jain
Chief Financial Officer
-
2024-3-31
Gross Remuneration
Year
Mr.Ankit Gupta
President(Business Unit)
-
2024-3-31
Gross Remuneration
Year
Garima Mishra
Senior Vice President, Head(Human Resources)
-
2024-3-31
Gross Remuneration
Year
Neetu Singh
Vice President(Business Development)
-
2024-3-31
Gross Remuneration
Year
Ruhi Goswami
Senior Vice President, General Counsel
-
2024-3-31
Gross Remuneration
Year
SAURABH JAIN
Company Secretary, Compliance Officer
-
2024-3-31
Gross Remuneration
Year

Brookfield India Real Estate Trust Board of directors

All Gross Remunerations are in INR
Akila Krishnakumar
Independent Director
3.5 Lac
2022
Gross Remuneration
Year
Shailesh V Haribhakti
Independent Director
3 Lac
2022
Gross Remuneration
Year
SAURABH JAIN
Company Sec. & Compli. Officer
-
2022
Gross Remuneration
Year
Anuj Ranjan
Non-Exec & Non-Independent Dir
-
2022
Gross Remuneration
Year
Ankur Gupta
Non-Exec & Non-Independent Dir
-
2022
Gross Remuneration
Year

Brookfield India Real Estate Trust - company history

The Brookfield REIT has been settled by its Manager (solely as the settler, on behalf of its Sponsor) for the Initial Contribution. It was settled on July 17, 2020 at Mumbai, Maharashtra, India as a contributory, determinate and irrevocable trust under the Indian Trusts Act, 1882, pursuant to a Trust Deed dated July 17, 2020. The Brookfield REIT registered with SEBI on September 14, 2020 at Mumbai as a real estate investment trust, pursuant to the REIT Regulations. Units of Brookfield India REIT were listed on both NSE and BSE on February 16, 2021. Listed on BSE and NSE, Brookfield India REIT is India's first 100% institutionally managed real estate investment trust owning and operating Grade A office space. The sponsor of Brookfield India REIT is BSREP India Office Holdings V Pte. Ltd which is an affiliate of Brookfield Asset Management Inc., the flagship entity of the Brookfield Group with a 120-year legacy in managing a broad portfolio of assets across real estate, infrastructure, renewable power, private equity and credit strategies. Brookfield India REIT is a leading owner of high-quality commercial real estate assets in India, generating consistent income streams. Since the inception in February 2021, the Trust has grown the portfolio strategically, now encompassing six Grade-A campus-style office parks across Mumbai, Gurugram, Noida, and Kolkata - India's key commercial gateway. Their sponsor and manager are an affiliate of Brookfield Corporation (formerly Brookfield Asset Management Inc.), whose asset management business is one of the world's leading alternative asset managers. Their global expertise shapes their asset management competencies, helping them to efficiently operate our assets and enhance their value proposition through ongoing innovation. The principal place of business of the Brookfield REIT is situated at Candor TechSpace IT/ ITES SEZ, Building Gurugram, Haryana, India. Additionally, CIOP, which provides services including property management, facilities management and support services to its Candor Asset SPVs is considered as an investment by the Brookfield REIT under Regulation 18(5)(da) of the SEBI REIT Regulations, and will be directly held by the Brookfield REIT. Brookfield India REIT acquired the entire shareholding (including convertible securities) held by the Sponsor and certain members of the Sponsor Group, in each of the Asset SPVs and CIOP, in exchange for Units on February 8, 2021. The Company acquired 100% stake in Candor TechSpace N2, Noida on January 24, 2022. As of March 31, 2023, Brookfield India REIT owns and operates five integrated campus-format office parks having worldclass amenities in key gateway markets of Mumbai, Gurugram, Noida and Kolkata. These fully integrated, campus-format office parks have a total Leasable Area of 18.7M sf, comprising 14.3M sf of Operating Area, 0.6M sf of Under Construction Area and 3.9M sf of Future Development Potential as on March 31, 2023.