Home/ Companies / News/  Brookfield India REIT to acquire Noida office park for 3,970 crore

BENGALURU : Brookfield India Real Estate Trust (Brookfield India REIT) has agreed to acquire 100% stake in Seaview Developers Pvt. Ltd (SDPL), which owns Candor TechSpace N2, an office park in Noida, for 3,970 crore, it said on Friday.

It said the acquisition will be financed through a combination of preferential issue of 950 crore at a price of 294.25 per unit and a property level debt issue of 2,910 crore at 6.78% per annum. The preferential issue amounting to 495 crore will be allotted to third-party investors and 455 crore will be allotted to Brookfield Group.

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Updated: 18 Dec 2021, 06:12 AM IST
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