Canadian alternative asset manager Brookfield Asset Management has invested $100 million in a clutch of residential projects of Indian real estate company Incor.
The investment was made from Brookfield’s $4.5 billion global PE fund. A portion of the proceeds would also be used to offer an exit to some of the existing investors.
The funding is of a structured equity type and will be spread across multiple projects, including existing projects in Hyderabad, totaling 6 million square feet and a soon-to-be-launched project in Kompally, comprising about 1,100 apartments over 12 acres.
Earlier this year, Brookfield concluded a $349 million acquisition of Equinox Business Park, a commercial property of Essar Group in Mumbai’s Bandra-Kurla Complex.