Brookfield India REIT has raised INR 2,600 cr through a Qualified Institutional Placement (QIP). The issue was well-subscribed and garnered significant interest from high-quality long-only investors. The fundraise underscored the strong institutional support for the company and its ability to effectively use capital to fund robust growth.
Avendus Capital acted as the book running lead manager to Brookfield India Real Estate Trust on this QIP transaction.
Brookfield India REIT is India’s first institutionally managed public commercial real estate vehicle and the country’s only 100% institutionally managed office REIT. Sponsored by an affiliate of Brookfield Corporation, whose asset management division is among the world’s largest alternative asset managers, it offers investors exposure to a portfolio of high-quality, income-generating Grade A office assets across key gateway markets in India.
Gaurav Sood, Managing Director and Head, Equity Capital Markets, Avendus Capital said, “This transaction highlights the strong public market positioning of Brookfield REIT and the quality of investor interest the platform continues to attract, despite a volatile market environment. Strong demand across investor classes enabled us to upsize the issue, reflecting confidence in the REIT's robust growth potential and stable returns. Our sustained engagement with the company, including investor access across asset classes and global capital pools, helped deliver a well-subscribed book, with 90% allocated to long-only investors. The success of the QIP reinforces the depth of institutional capital in India and continued conviction in high-quality real estate platforms.”
Pankaj Naik, Managing Director, Investment Banking, Avendus Capital said, “We are thrilled to have advised Brookfield REIT, on this highly successful QIP fundraise. The strong investor response that the issue saw highlights confidence in Brookfield’s track record, the quality of the underlying assets and the structural growth opportunity in India’s commercial real estate and REITs ecosystem. The transaction reflects both the growing maturity of the market and the depth of domestic capital available for high-quality real estate and infrastructure platforms. At Avendus, we remain focused on building a leading franchise in the REITs and InvITs space, partnering with high-quality platforms across their capital lifecycle.”
About Avendus
Avendus Group is a leading financial services firm with a presence in the areas of Investment Banking, Institutional Equities, Wealth Management, Credit Solutions and Asset Management. Established in 1999 in Mumbai, India, Avendus is today present in 12 cities across India, US and Singapore. Avendus partners with the Indian entrepreneur ecosystem to provide differentiated capital solutions that enable clients to meet their strategic aspirations.
Avendus Capital, the investment banking arm, is consistently ranked among the top investment banks in the country on the back of its in-depth domain understanding and a best in the class track record of domestic and cross-border transactions. Avendus’ wide range of clients is testimony to its ability to serve its corporates throughout their life cycle – from growth stage funding to large-sized transactions, M&A advisory and access to public markets.
Avendus Capital Inc., New York and Avendus Pte Ltd., Singapore are both Avendus Group entities offering services to clients in the US and Southeast Asia respectively.
For more information, please visit www.avendus.com
