Brookfield India REIT completes acquisition of Godrej BKC asset via JV
- Brookfield India REIT and NCW completed acquisition of Parthos Properties on September 29, 2026
- Parthos Properties owns three floors in Godrej BKC, Mumbai, acquired via 50:50 joint venture
- Partners subscribed to 6,150,000 non-convertible debentures to repay existing debts and interest
*this image is generated using AI for illustrative purposes only.
Brookfield India Real Estate Trust completed the acquisition of the Godrej BKC asset on September 29, 2026. The deal involved acquiring 100% of Parthos Properties Private Limited through a joint venture with NCW’s Prime Offices Fund.
The acquisition was executed via Parthos One Private Limited (Holdco), a company owned 50:50 by Brookfield India REIT and NCW. Parthos Properties owns, operates, and manages three floors (2nd, 3rd, and 4th) in Godrej BKC, located in G Block, Bandra Kurla Complex, Mumbai.
Transaction Structure and Ownership
Prior to the final closing, Brookfield India REIT acquired 100% of Holdco’s share capital from its shareholders on September 23, 2026. Subsequently, on September 25, 2026, both partners subscribed to equity shares and compulsorily convertible debentures to establish the current 50:50 ownership split.
| Security Type | Face Value | Brookfield India REIT Holding | NCW Holding |
|---|---|---|---|
| Equity Shares | ₹10 each | 70,000,000 | 70,000,000 |
| Compulsorily Convertible Debentures | ₹100 each | 25,250,000 | 25,250,000 |
Debt Subscription and Utilization
Both partners subscribed to 6,150,000 unlisted non-convertible debentures of face value ₹100 each issued by Parthos. The proceeds from this subscription were utilized for three specific purposes:
- Payment of accrued and unpaid interest on certain existing debentures.
- Repayment of outstanding intercorporate deposits including accrued interest.
- Redemption of the outstanding principal amount of certain existing non-convertible debentures of Parthos.
Regulatory Disclosure
This disclosure was made pursuant to Regulation 23 of the SEBI REIT Regulations. It follows earlier intimations regarding the board meeting outcome on August 10, 2026, and the extraordinary general meeting voting results on September 4, 2026. The transaction marks a significant expansion of the trust’s portfolio in the prime Mumbai commercial district.
Historical Stock Returns for Brookfield India Real Estate Trust
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.16% | -1.55% | -2.36% | +0.50% | -2.09% | +29.89% |
How will the integration of the Godrej BKC asset impact Brookfield India REIT's occupancy rates and rental yield in the upcoming quarters?
What are the long-term capital expenditure plans for the acquired floors to maintain competitiveness within Mumbai's prime commercial district?
How does this acquisition align with Brookfield India REIT's strategic roadmap for portfolio diversification beyond its current asset base?
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