Global asset manager Brookfield announced on Wednesday its acquisition of a 10.5 million square feet industrial and logistics real estate portfolio from ESR India. The deal involves a commitment of ₹4,300 crore towards the acquisition and future development of the assets, marking Brookfield's entry into India's industrial and logistics real estate sector, according to livemint.com.
The acquired portfolio spans 400 acres across six major metro clusters, including Mumbai, Pune, Delhi-National Capital Region, Chennai, and Kolkata. It comprises eight Grade A parks with an operating portfolio that is 98% leased. ESR India will continue managing the properties in the near term, providing immediate scale across leading logistics and industrial markets in India, livemint.com reported.
Brookfield's move expands its real estate footprint beyond its existing office and hospitality sectors in India. The company aims to capitalize on India's growing integration into global supply chains, where high-quality logistics infrastructure is critical to improving logistics capabilities and cost competitiveness. The portfolio supports diverse uses such as light manufacturing, fulfillment centers, and warehouses, reflecting the sector's rising demand, as noted by Ankur Gupta, Brookfield's deputy chief investment officer for Asia Pacific and Middle East, at livemint.com.
Brookfield is among the largest real estate owners and operators in India. This acquisition positions the firm to deepen its presence in the industrial and logistics segment, which is expected to benefit from ongoing supply chain shifts. The transaction was finalized and announced on October 7, 2026, per livemint.com.