Brookfield enters Indian logistics with 10.5 million sq ft ESR portfolio buyout

Bengaluru: Global asset manager Brookfield on Wednesday said it has acquired a 10.5 million sq ft portfolio from ESR India, making its entry into the country's industrial and logistics real estate sector.

As part of the transaction, Brookfield has committed ₹4,300 crore towards the acquisition and the future development of the portfolio, with ESR continuing to manage the properties for the near term.

The assets are spread across 400 acres in six metro clusters, which include eight Grade A parks…