The three contiguous office floors will be acquired from a Brookfield private real estate fund through an equal partnership between Brookfield India REIT and Prime Offices Fund, managed by Nuvama and Cushman & Wakefield Management (NCW). Brookfield will continue to manage the property.
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The transaction will give Prime Offices Fund its first exposure to Mumbai. The fund, which marked its final close at Rs 4,000 crore in 2026, targets commercial office assets across key markets in India. Its existing portfolio spans around 4 million sq ft of leasable area across cities.
“This acquisition marks an important milestone in our portfolio strategy, providing us with a foothold in Mumbai through BKC – India’s leading front office market. BKC’s sustained growth and resilient occupier demand make it a strategically important micro-market and a natural fit for our investment strategy,” said Gaurav Puri, chief investment officer, NCW.
The office space is leased to tenants across financial services, real estate and technology sectors.
“This addition will further diversify and strengthen Brookfield India REIT’s portfolio while deepening our presence in Mumbai,” said Shashank Jain, CEO and MD, Brookfield India REIT.JLL India acted as the advisor for this transaction.
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NCW Asset Management is a 50:50 joint venture between Nuvama Asset Management and Cushman & Wakefield. It manages the Prime Offices Fund, which focuses on commercial office assets across Indian markets.
In the quarter ended June, Brookfield India REIT achieved gross leasing of 1.1 million sq ft, with an average re-leasing spread of 14%. It also completed 0.6 million sq ft of early renewals for lease expiries beyond 2026-27, including the renewal of 80% of Airtel Center. Committed occupancy stood at 93%, up 4% year-on-year.
Operating lease rentals rose to Rs 714 crore from Rs 457.7 crore in the corresponding quarter of 2025-26, while net operating income increased to Rs 756.6 crore from Rs 498.6 crore. The REIT declared distributions of Rs 5.60 per unit.
Brookfield India REIT raised Rs 2,600 crore through a qualified institutional placement in April and said it has balance sheet capacity and a pipeline of sponsor-owned assets for potential acquisitions.
Brookfield India REIT currently has 11 assets across Delhi, Mumbai, Bengaluru, Gurugram, Noida and Kolkata, with 37.2 million sq ft of total leasable area. This comprises 32.6 million sq ft of operating area, 0.6 million sq ft under construction and 4 million sq ft of future development potential