Brookfield to acquire ESR India logistics portfolio for ₹4,300 crore
In short
Brookfield is set to buy ESR India’s logistics portfolio for ₹4,300 crore. The portfolio covers 10.5 million sq ft and gives Brookfield entry into Indian industrial and logistics real estate.
This matters for India’s warehouse and logistics property market. ESR is expected to keep managing the assets for now, but the full closing timing is not stated.
What the reporting says
Brookfield will acquire ESR India’s logistics portfolio for ₹4,300 crore, and the 10.5 million sq ft asset base marks its entry into industrial and logistics real estate in India. ESR is expected to continue managing the assets in the near term. The immediate effect is a major portfolio sale in Indian logistics property, while the reporting does not state the full closing timeline.
Why it matters
Brookfield is to acquire ESR India’s logistics portfolio for ₹4,300 crore, with the 10.5 million sq ft portfolio marking Brookfield’s entry into industrial and logistics real estate in India. ESR will continue to manage the assets in the near term. The deal is important for India’s logistics property market, but the available reporting does not state the closing date or further transaction terms.