Candor Techspace Sector 21. (Brookfield REIT)Candor Techspace Sector 21. (Brookfield REIT)

Brookfield REIT has thus far secured 39 anchor investors for the institutional tranche of its initial public offering (IPO), all which have collectively been allocated 62.2 million units in total.

Brookfield REIT is the third real estate investment trust to list in India, after Embassy Office Parks REIT and Mindspace Business Parks REIT.

The REIT is sponsored by an affiliate of Brookfield Asset Management.

Applications for the non-institutional investor tranche of the Brookfield REIT IPO, which has been offered at a price band of INR274 and INR275 per unit, opened on 3 February.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.