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Brookfield REIT has 15 mn sq ft of call option, ROFO properties: DRHP

The REIT has a initial portfolio of 14 mn sq ft in Gurugram, Mumbai, Noida, Kolkata, mostly bought from Unitech Corporate Parks

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Brookfield, however, has not included the assets it bought from RMZ of Bengaluru.

4 min read Last Updated : Oct 02 2020 | 1:09 AM IST

Brookfield India Real Estate Trust, a real estate trust sponsored by an affiliate of Canada's Brookfield Canada's Asset Management, has 15 million sq ft of call option and right of first offer (ROFO) properties, its Draft Red Herring Prospectus (DRHP) showed. This is equivalent to its initial portfolio of assets.

The REIT has two call option properties of 8.3 million sq ft. One is Candor Techspace G1, Gurugram and Candor Techspace, Noida. Both were acquired from Unitech Corporate Parks in 2014. Call option properties means they will be bought at a future date at a certain price.

The REIT has

Topics : Brookfield REITs IPOs Sebi

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