Curation Team
NEW DELHI: 360 ONE Asset, through its real assets funds, has acquired a 50% stake in Bluegrass Business Park from Brookfield Asset Management’s private real estate fund (Brookfield).
The asset, which is a two million sq ft office development in Kalyani Nagar, Pune, was acquired for an enterprise value of approximately ₹2,400 crore ($280 million).
Spread over seven acres, Bluegrass Business Park comprises a one million sq ft operational tower leased to Mastercard and an under-construction office tower with street retail. Brookfield will continue to oversee the management, development, and leasing of the asset.
Shardul Amarchand Mangaldas represented Brookfield and Veritas Legal represented 360 ONE Asset as their respective legal counsels.
