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Brookfield India Real Estate Trust IPO: Everything You Need to Know

Are you considering investing in the Brookfield India Real Estate Trust IPO? This highly anticipated initial public offering is the third Real Estate Investment Trust (REIT) to launch after the successful listing of Blackstone Group-backed...

Are you considering investing in the Brookfield India Real Estate Trust IPO? This highly anticipated initial public offering is the third Real Estate Investment Trust (REIT) to launch after the successful listing of Blackstone Group-backed Mindspace Business Parks REIT in 2020 and Embassy Office Parks REIT in 2019. But before you make any decisions, here are 10 key things you should know about this exciting opportunity.

1) IPO Dates

The Brookfield India Real Estate Trust IPO will open for subscription on February 3 and close on February 5, 2021. This limited time window provides potential investors with an opportunity to secure their position in this highly sought-after IPO.

2) Price Band

The price band for this IPO has been fixed at Rs 274 to Rs 275 per unit. This attractive price range allows investors to enter the market at a reasonable valuation, maximizing the potential for future returns.

Image of Brookfield India Real Estate Trust Brookfield India Real Estate Trust IPO Image

3) Issue Size

Brookfield REIT is issuing units aggregating up to Rs 3,800 crore. The company has already raised Rs 1,710 crore from anchor investors, demonstrating strong initial demand for this offering.

4) Bids

Investors, other than anchor investors, can bid for a minimum of 200 units and in multiples of 200 units thereafter. This ensures a level playing field for retail investors and allows for greater participation in the IPO.

5) Objectives of Issue

The net proceeds from this IPO will be utilized for partial or full pre-payment or scheduled repayment of the existing indebtedness of asset SPVs and general corporate purposes. This strategic use of funds ensures a strong financial position for the company and supports its growth trajectory.

6) Company Profile

Brookfield REIT is India's only institutionally managed public commercial real estate vehicle. It is sponsored by Brookfield Asset Management (BAM), one of the world's largest alternative asset managers with approximately $575 billion in assets under management as of September 2020.

The REIT owns a portfolio of four large campus-format office parks, strategically located in Mumbai, Gurugram, Noida, and Kolkata. These office parks are leased to marquee tenants, including multinational corporations such as Barclays, Bank of America Continuum, RBS, Accenture, Tata Consultancy Services, and Cognizant.

7) Diversified Tenancy Profile

The initial portfolio of the Brookfield REIT boasts a diverse base of marquee tenants, with 75 percent of gross contracted rentals contracted with multinational corporations. These tenants represent a broad array of industries and have been long-term occupiers in the portfolio.

8) Competitive Strengths

Brookfield REIT distinguishes itself from other public commercial real estate companies and REITs in India through several competitive strengths:

  • Global Sponsorship with Local Expertise
  • Difficult to replicate, dominant, and strategically located properties
  • Placemaking Capabilities in Manager and Sponsor's design, development, and operating philosophy
  • Diversified blue-chip tenant roster and cash flow stability
  • Significant identified internal and external growth opportunities
  • Experienced, cycle-tested senior management team
  • Institutional corporate governance framework and strong alignment of interest

9) Business and Growth Strategies

The primary objective of Brookfield REIT is to maximize total returns for unitholders through a combination of growth and value creation at the asset level. The company will leverage its operating expertise for proactive asset and property management, capitalize on the embedded organic growth and on-campus development potential of its initial portfolio, pursue disciplined and accretive acquisition growth opportunities, and maintain a prudent and flexible capital structure positioned for growth.

10) Management

The corporate governance framework of the Brookfield REIT is implemented by Manager - Brookprop Management Services. The Board of Directors comprises four directors, two of whom are independent. The independent directors bring extensive industry experience and a deep understanding of the Indian market to the table.

Don't miss out on this exciting opportunity to invest in one of India's leading commercial real estate vehicles. The Brookfield India Real Estate Trust IPO promises strong growth potential and attractive returns. Act fast and secure your position in this limited-time offering!

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