FROM THE CHAIRMAN'S DESK
Building Value in a Transforming World
Dear Unitholders,
of the top four global economies,
India is ascending into the rankswith massive tailwinds behind it.
The growth story is anchored in the build-up of its physical
infrastructure to house an increasingly digitized world. Real assets, especially
commercial real estate, is a foundational enabler driving the next phase of this growth.
Brookfield India
REIT's high-quality properties in key gateway cities across India
make it the preferred landlord of choice for leading businesses.
We made strides in FY2025 across all fronts – we scaled with
discipline, delivered above guidance, strengthened our capital base, and continued to grow
our portfolio towards unitholders value creation.
A SCALABLE PLATFORM BUILT FOR THE FUTURE
India continues to be a global hub for services, technology, and
innovation.
It is home to more than 1,600 Global
Capability Centers (GCCs) a number that has doubled in the last decade
– with global enterprises increasingly centralizing high-value
functions such as AI, engineering and research and global operations here. Over 70% of
Fortune 500 companies are expected to expand their GCC footprint in India. Higher-quality
office spaces offer modern amenities and a superior built environment are likely to be in
greater demand. Today, Brookfield India REIT comprises 29M sf of high-quality campuses
across India's leading innovation and business hubs. With integrated design and
flexible work environments, our assets are built to meet the evolving demands of global
and domestic enterprises.
In FY2025, we made a pivotal addition to this platform through the
acquisition of a 50% stake in a 3.3M sf portfolio in Delhi NCR. The acquisition enhanced
our footprint in a high-demand corridor. Such high-quality acquisitions exemplify value
creation through growth.
INSTITUTIONAL CONFIDENCE, STRATEGIC CAPITAL
To enable expansion and create headroom for future opportunities, we
raised over Rs. 47B through the year through preferential allotment and a qualified
institutional placement (QIP).
This QIP was a significant milestone it marked the first Indian REIT
investment by the International
Finance Corporation (IFC) and the
Life Insurance Corporation of India and was anchored by institutions
such as SBI Mutual Fund and ICICI
Prudential. The diverse demand we saw reflects the trust in our
strategy and the strong portfolio we've built in India and underlines our ability to
raise institutional capital.
STRONG FUNDAMENTALS, SUSTAINED GROWTH
Our growth was underpinned by strong operating performance. We
delivered tangible results: 2.2M sf of new leasing, at a 19% re-leasing spread Committed
occupancy rose to 88%, up from 82%
With a weighted average lease expiry of seven years and a diverse
occupier base, our portfolio continues to offer stability and long-term income visibility.
These metrics validate the strength of our ecosystem-led campus strategy and our ability
to meet complex occupier needs – across scale, sustainability, and reliability.