Update: Brookfield to Acquire ESR India's Industrial, Logistics Portfolio
MT newswire2026/10/07 17:1701:17 PM EDT, 10/07/2026 (MT Newswires) -- (Updates throughout with the company's statement.) Brookfield Asset Management (BAM) agreed to acquire ESR India's industrial and logistics portfolio and committed 43 billion Indian rupees ($450 million) towards the deal as well as future development of the portfolio, it said Wednesday. The portfolio includes eight grade A parks across major Indian cities including Mumbai, Pune, Delhi-National Capital Region, Chennai, and Kolkata, according to a statement. Additionally, the operating portfolio is about 98% leased and accommodates a wide range of uses, including light manufacturing facilities, fulfilment centers and warehouses, the asset manager said. Brookfield Asset Management added that ESR will continue to manage the properties in the near term. ESR India did not immediately respond to MT Newswires' request for comment. Price: 44.29, Change: -0.92, Percent Change: -2.03
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