Private Equity

PE-RE Fund Investments

360 ONE buys 50% in Brookfield's Bluegrass Business Park in Pune at Rs.2,400-Cr valuation

Business Standard   Bluegrass Business Park  

360 ONE Asset, through its real assets funds, has acquired a 50% stake in Bluegrass Business Park in Pune from Brookfield Asset Management’s private real estate fund for an enterprise value of about INR 2,400 crore (USD 280 million).The asset is a 2 million sq ft (msf) premium office development located in Kalyani Nagar in Pune, spread across 7 acres. It includes a 1 msf operational office tower fully leased to Mastercard. Brookfield will continue to handle the management, development, and leasing of the asset. The transaction is positioned as a first-of-its-kind partnership between a global institutional investor and an India-focused alternative investment fund.