Shardul Amarchand Mangaldas (SAM), Sidley Austin, Trilegal along with White & Case advised on Brookfield India Real Estate Trust’s (Brookfield India REIT) qualified institutional placement (QIP) of units aggregating INR 3,500 crore (approximately US$390 million) to fund the acquisition of Ecoworld, a 48-acre, 7.7-million-square-foot Grade A office campus on Bengaluru’s Outer Ring Road.

The offering was more than three times oversubscribed, drawing robust demand from domestic and global institutional investors. Following the acquisition of Ecoworld, Brookfield India REIT’s operating portfolio will exceed 32 million square feet, and its gross asset value will surpass US$6 billion, positioning it among the largest REIT platforms in India and Asia.

SAM advised Brookfield India Real Estate Trust. The Capital Markets team was led by Partners Nikhil Naredi and Rohit Tiwari, along with Senior Associate Harini J, and Associates Mathangi K, Abhit Tanay, with inputs from Associate Veronica Miranda. The Corporate team comprised Partner Jay Gandhi, Principal Associate Namrata Mehta, Senior Associate Shruti Khetan, and Associate Mahinder Udasi.

Sidley Austin LLP acted as international counsel to Brookfield India REIT on the US$390 million QIP.

The Sidley team was led by Manoj Bhargava (Singapore) and included Rachna Talati, Edward Lee, Sarangan Rajesh Kumar, Oindree Bandyopadhyay, and Sanketh Hareesh Kumar (all Singapore) with support from Carla G. Teodoro, Nicholas R. Brown, Robert M. Kreitman, Prabhat K. Mehta, Tyler J. Combest, and Morgan Ross (all New York), Leonard Ng and Chloe R. Francis (both London), and Shu Min Ho (Singapore).

Trilegal advised the book-running lead managers – Kotak Mahindra Capital, Elara Capital (India), Jefferies India, JM Financial, and 360 ONE WAM.

The Capital Markets Team advising on the mandate was led by Partner Vijay Parthasarathi and supported by Associates Prajna Kariappa, Shashwat S, Sheetal Kumar, Esha Alex, Jasmine Manekshaw, and Vansh Dhoka.

White & Case advised the book running lead managers on international law aspects of the QIP, including compliance with Rule 144A and Regulation S under the U.S. Securities Act and cross-border execution.

The White & Case team which advised on the transaction was led by Partners Rahul Guptan (London) and Kaya Proudian (Singapore), and included Partners Steven Gee (New York) and Associates Yuning Zhou (Hong Kong), Ji Yang Lim (Singapore), Daniel Park (New York) and Jiawei Zheng (Mexico City).