From The Economic Times · Kailash Babar · · 50s
Brookfield India REIT acquires Mumbai office units
Brookfield India REIT boosts stake in Mumbai's Powai office tower with Rs 75.2 crore deal
In brief
Brookfield India REIT boosts stake in Mumbai's Powai office tower with Rs 75.2 crore deal Kairos Properties increased ownership in Delphi building from 80% to 86% after buying two floors of office units Originally reported by The Economic Times.
New acquisition
Brookfield India REIT's special purpose vehicle Kairos Properties agreed to buy two floors of office units in Mumbai's Powai for Rs 75.2 crore
Property details
The units are located in Delphi building's C wing, fifth and sixth floors, within Hiranandani Gardens township
Ownership increase
Kairos' ownership in Delphi building will rise from 80% to 86% on gross leased area basis after acquisition
Completion timeline
The deal is expected to close by Q3 2026-27, following regulatory approval
Transaction advisor
JLL India served as transaction advisor for the acquisition
The essence
Kairos Properties increased ownership in Delphi building from 80% to 86% after buying two floors of office units
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