Brookfield India Real Estate Trust and Prime Offices Fund will jointly acquire 264,000 sq ft of Grade A office space in Mumbai’s BKC. The leased asset has blue-chip tenants across financial services, real estate and technology. The transaction strengthens Brookfield REIT’s Mumbai presence and highlights continued investor confidence in BKC.
Brookfield India Real Estate Trust (BIRET) and Prime Offices Fund have signed binding agreements to acquire 264,000 sq ft of Grade A office space in Mumbai’s Bandra-Kurla Complex (BKC) for an enterprise value of ₹1,700 crore.
The property comprises three contiguous office floors in BKC’s G Block and will be acquired from Brookfield’s private real estate fund. The transaction is being completed through an equal partnership between BIRET and Prime Offices Fund, a commercial real estate fund managed by Nuvama and Cushman & Wakefield Management Pvt Ltd (NCW).
Brookfield will continue to oversee and manage the property after the transaction. The office space is already leased to blue-chip occupiers from financial services, real estate and technology, giving the asset an established tenant profile and recurring rental income.
Why BKC Remains a Prime Office Market
The transaction reinforces BKC’s position as one of India’s most closely watched premium office markets. Its combination of corporate occupiers, connectivity, Grade A supply and strong rental prospects continues to attract institutional capital.
Shashank Jain, chief executive and managing director of Brookfield India Real Estate Trust, said the asset offers a “differentiated combination of a quality tenant base, strong occupier demand, connectivity and sustained rental growth, which is difficult to replicate.”
For investors, the acquisition also adds exposure to a mature commercial micro-market where demand from financial services and other large enterprises remains resilient.
Expanding Brookfield’s Mumbai Footprint
The acquisition is part of Brookfield REIT’s broader strategy to expand and strengthen its portfolio with premium income-generating assets.
Jain said the addition would “further diversify and strengthen Brookfield India REIT’s portfolio while deepening our presence in Mumbai.”
The deal comes at a time when BIRET is reporting strong operating performance. For the April-June quarter, its net operating income rose 51.74% year-on-year to ₹756.6 crore, while gross leasing reached 1.1 million sq ft. The REIT also declared a distribution of ₹5.6 per unit for the quarter.
Institutional Capital Keeps Flowing
Prime Offices Fund is also using the acquisition to establish a foothold in Mumbai. NCW recently announced the final close of the fund at ₹4,000 crore, highlighting the scale of institutional capital available for commercial office assets.
Gaurav Puri, chief investment officer at NCW, described BKC as “India’s leading front office market” and said its sustained growth and resilient occupier demand make it a strategic fit for the fund.
The transaction also comes as BIRET continues expanding nationally. The REIT raised ₹2,600 crore through a qualified institutional placement in April and now has 37.2 million sq ft of total leasable area across 11 Grade A assets in Delhi, Mumbai, Bengaluru, Gurugram, Noida and Kolkata.
For Mumbai’s office market, the deal is another clear signal that institutional investors remain willing to pay for high-quality, well-located and income-producing office assets. For BKC, it further underlines its role as a premium destination for occupiers and long-term real estate capital.
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