Private Equity

PE-RE Fund Investments

Brookfield to buy IL&FS HQ in Mumbai's BKC for Rs.1,100-Cr

Economic Times  

The IL&FS building in Mumbai's Bandra Kurla Complex is changing hands, with Brookfield Asset Management paying more than INR 1,100 crore to buy the property. Brookfield made the highest offer for the 10-storied property. The asset is being monetized through a price-discovery mechanism and there was no reserve price set. However, the IL&FS board had estimated the property was worth around INR 1,200 crore.