Brookfield & Prime Offices Fund Seal Rs 1,700 Cr BKC Office Deal

In a major milestone for India's commercial real estate market, Brookfield India Real Estate Trust (BIRET) has partnered with Prime Offices Fund to acquire a marquee Grade-A office building in Mumbai's premier business district, the Bandra-Kurla Complex (BKC). Valued at Rs 1,700 crore, the equal-ownership venture spans 2,64,000 sq. ft. of high-quality front office space.

This transaction marks a significant debut for Prime Offices Fund—managed via the NCW (Nuvama and Cushman & Wakefield Management) partnership—into the Mumbai market. The asset boasts a strong roster of blue-chip tenants from the tech, financial services, and real estate sectors, while Brookfield will continue to leverage its expertise by managing the property moving forward.

News by Rahul Yelligetti.