Investment firm, Brookfield, boosts ownership in the property company managing Mumbai's office park, reaching almost 10% stake.
In a significant move, Canadian investor Brookfield Asset Management has increased its stake in Mindspace Business Parks, a company that owns a Mumbai office park. The exact size of the stake increased by Brookfield Asset Management was not specified, but the firm now holds nearly 10% of the Mumbai office park owner.
Mindspace Business Parks, based in Mumbai, India, manages an undefined size of commercial office assets. The specific location and nature of the Mumbai office park were not detailed in the announcement.
Brookfield Asset Management is no stranger to India's real estate sector, managing over 55 million square feet of commercial office assets in the country. The firm is one of the largest private equity players in India's real estate space.
Existing members can log in to access the premium content related to this development. For those who are not members yet, becoming a Premium member will grant access to this and other exclusive content. The nature and specifics of the premium content were not specified in the announcement.
It's important to note that this article does not provide any financial details about the premium content or the terms of Brookfield Asset Management's stake increase. The Mumbai office park's size was also not disclosed in the information available.
In conclusion, Brookfield Asset Management has increased its stake in Mindspace Business Parks, a Mumbai-based company that owns a commercial office park. The exact size of the stake and the nature of the Mumbai office park were not detailed in the announcement. To access the related premium content, one needs to become a Premium member.
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