Brookfield Sells 50% Stake in Pune Office Project to 360 ONE Asset Management Firm

Monday, Aug 25, 2025 6:10 am ET1min read

Brookfield Asset Management has sold a 50% stake in its Pune office project Bluegrass Business Park to 360 ONE Asset for an enterprise value of around Rs 2,400 crore ($280 million). The deal marks 360 ONE Asset's first partnership with a global institutional investor in real estate and highlights growing appetite among investors for Indian office property markets. Brookfield will continue to manage and develop the property.

Title: Brookfield Asset Management Sells 50% Stake in Bluegrass Business Park to 360 ONE Asset

Brookfield Asset Management has sold a 50% stake in its Pune office project, Bluegrass Business Park, to 360 ONE Asset for an enterprise value of around Rs 2,400 crore ($280 million). The deal marks 360 ONE Asset's first partnership with a global institutional investor in real estate and underscores growing investor interest in Indian office property markets. Brookfield will continue to manage and develop the property [1].

The transaction highlights the increasing appetite among investors for Indian real estate, particularly office properties. This deal comes amidst a period of robust growth for the Indian real estate sector, as evidenced by the rising market capitalization of Indian REITs. As of July 2025, the combined market capitalization of India's four listed REITs exceeded Rs 1 lakh crore, reflecting strong leasing, high occupancy, and steady income distributions [2].

The sale of the stake in Bluegrass Business Park is part of a broader trend where global investors are seeking opportunities in the Indian real estate market. This trend is driven by factors such as regulatory reforms, growing investor confidence, and the sector's strong performance metrics. The deal also signifies Brookfield's strategy to diversify its investment portfolio and align with market demands.

Brookfield Asset Management, known for its expertise in real estate investments, has been expanding its footprint in the Indian market. This latest move underscores its commitment to leveraging its global expertise to capitalize on emerging opportunities in the Indian real estate sector.

References:
[1] https://yieldpro.com/2025/08/fundamental/
[2] https://economictimes.indiatimes.com/topic/brookfield

Brookfield Sells 50% Stake in Pune Office Project to 360 ONE Asset Management Firm

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