Newsletter
360 ONE Asset has bought a 50% stake in Bluegrass Business Park from Brookfield’s real estate fund for ₹2,400 crore.
Brookfield, a global asset manager with $900 billion in assets under management, invests across real estate, renewables, infrastructure, and private equity in more than 30 countries.
The deets: Bluegrass Business Park in Pune’s Kalyani Nagar spans 2 million square feet of premium office space. It includes an operational one-million-square-foot tower leased to Mastercard and another office tower currently under construction. The deal marks a first-of-its-kind partnership between a global institutional investor and an India-focused alternatives fund, with Brookfield continuing to manage, develop, and lease the property.
Why it matters: the acquisition further strengthens Brookfield’s India real estate portfolio, which covers both office and retail assets. In offices alone, the company owns and operates about 55 million square feet across the country, underscoring its position as one of India’s largest institutional landlords.
