India’s Only 100% Institutionally Managed Office REIT
Sustained Operational Excellence Across the Portfolio
Building a Sustainable Future
Maximizing Unitholder Value
India's economic narrative is defined by transformative initiatives and a thriving economy that commands global attention. Fueled by a dynamic market and a pool of skilled talent, the country attracts industry leaders, multinational corporations, and global capability centers. As our country progresses to becoming the “Office to the World”, a growing demand for strategic investments across the office space is the need of the hour. With these ambitious initiatives driving the country's evolution, the demand for high-quality assets offering extensive services and amenities positions, Brookfield India Real Estate Investment Trust (BIRET) at the forefront of this momentum.
In the current landscape of India's economic transformation, BIRET is a pivotal force, reshaping the office sector and contributing significantly to the nation's growth narrative.
Guided by pioneering environmental, social, and governance (ESG) principles, we prioritize sustainable growth and community well-being. With a steadfast commitment to excellence and a focus on holistic tenant experiences, Brookfield India REIT stands as a catalyst for corporate success in India.
Excellence is the cornerstone of our ethos at Brookfield India REIT. We meticulously manage and operate our sustainability-focused assets across four cities that not only meet but exceed the evolving needs of businesses. From state-of-the-art office parks to cutting-edge amenities and inclusive design features, our properties embody excellence in every aspect.
We understand the pivotal role of a conducive work environment in fostering productivity, innovation, and employee well-being. Our assets transcend being mere physical structures to create holistic tenant experiences.
From wellness programs to recreational facilities and community engagement initiatives, we prioritize the overall well-being and satisfaction of our tenants.
Sustainability lies at the heart of our operations. At Brookfield India REIT, we are dedicated to minimizing our environmental footprint, promoting social responsibility, and upholding the highest standards of corporate governance. Through innovative green initiatives, energy-efficient practices, prioritizing diversity, and inclusion, and promoting community development projects, we aim to foster a positive impact on both the environment, society, and the world at large.
The Indian economy is soaring, propelled by a strong emphasis on infrastructure creation, manufacturing and robust domestic consumption, making it the world’s fastest-growing large economy. With a robust economic outlook and an appealing blend of talent availability and cost structures, the nation has swiftly emerged as a destination for global businesses.
These developments have triggered an influx of Global Capability Centers (GCCs) to India, and this trend is set to accelerate. Over the next seven years leading to 2030, India is expected to welcome about 100 GCCs annually. For these GCCs to succeed, high-quality workspaces, especially Grade-A offices that offer toptier infrastructure and tenant amenities, are critical. Fostering connection, collaboration and innovation among employees, these spaces serve as hotspots for attracting the nation’s top talent, making them business-critical.
These favorable factors place India strategically to be the office to the world, with demand for commercial offices poised to remain strong in the near to long term. Brookfield India REIT is strategically positioned with a large portfolio of Grade-A office spaces in strategic locations. The future growth potential of our assets positions us for further expansion to cater to the opportunity.
REITs globally have witnessed a meteoric rise as an asset class, and
India is also on this growth trajectory. The evolving needs of multinational companies and their need for high quality office spaces for business success and employee wellbeing and welfare have spurred its demand.
Consequently, REITs focusing on Grade-A properties are experiencing growth, with the influx of high quality tenants, robust occupancy rates, strong pan-India annual net leasing momentum and consistent rental growth. REITs have significant untapped growth potential, as only about 10% of India’s total Grade-A office stock is under the total REIT portfolio.
Brookfield India REIT is committed to advancing the growth and development of the REIT sector in India. Aligned with this vision, we became one of the founding members along with the other REITs in India to form the Indian REIT Association (IRA). As a non-profit trade organization, the IRA collaborates with SEBI to advocate for business and investor interests while adhering to regulations. Committed to integrity and excellence, IRA promotes industry best practices benchmarked to global REIT standards. IRA will also work with authorities and regulators to aid policy initiatives like the SEZ reforms to enable the growth of REITs.
Brookfield India REIT with a total operating portfolio of 20.9M sf has one of India’s largest Grade-A office spaces. With an unleased area of 3.8M sf, ongoing development of 0.6M sf and a future development potential of 4.0M sf, our portfolio offers immense scalability potential. The recent regulatory development relating to SEZ de-notification is set to further unlock new leasing opportunities given that 77.4% of our portfolio area (completed area basis) is SEZ. The de-notification of space will allow us to target non-SEZ tenants and enhance leasing. We have made substantial progress in converting 1.2M sf of SEZ space to non-processing areas and have, in fact, successfully converted 0.6M sf at K1 having received all the requisite approvals.
Our campuses are amongst India’s most premium workspaces with robust, future-ready infrastructure. They are distinguished by their size, scale and innovative amenities as well as for their strategic location in key gateway cities of Mumbai, Gurugram, Noida and Kolkata with excellent connectivity. These markets, being among India’s primary business destinations and having entry barriers for new supply, our office parks are well poised to cater to the upcoming demand in these regions.
We are sponsored by BSREP India Office Holdings V Pte. Ltd, an affiliate of Brookfield Corporation which is amongst the world’s largest alternative managers. This gives us access to over 25M sf of the sponsor group’s assets in India’s gateway cities, providing a strong medium to long-term growth potential. Besides, considering the immense growth potential of the Indian economy and the commercial office segment, Brookfield is focused on leveraging its strong financial profile to invest in India. This will eventually offer future growth prospects for the Brookfield India REIT.
LEASABLE AREA
COMPLETED AREA
UNDER CONSTRUCTION AREA
FUTURE DEVELOPMENT POTENTIAL
