Brookfield Sells Major Pune Asset Stake to 360 ONE, Expanding Reach

Brookfield Divests 50% in Bluegrass Business Park to 360 ONE Asset

Brookfield Asset Management has sold a 50% stake in its Pune-based Bluegrass Business Park to Mumbai’s 360 ONE Asset for Rs 2,400 crore. The property covers 6.1 acres and comprises major office and retail space, with Mastercard’s largest GCC in Tower A and a newly developed Tower B. Brookfield retains the management, development, and leasing responsibilities for the asset.

According to 360 ONE Asset, this investment highlights its ongoing strategy to expand institutionally managed real estate assets in India’s best-performing markets, blending stable properties with development-driven growth. Legal counsel for Brookfield was Shardul Amarchand Mangaldas and Veritas Legal represented 360 ONE Asset.

Brookfield’s India Expansion

Brookfield plans to triple investments in India to $100 billion over five years, anticipating robust demand in infrastructure and clean energy. The firm is also reportedly interested in acquiring ESR India’s warehousing portfolio.

• Brookfield’s India real estate trust manages 11 grade-A assets across Delhi, Mumbai, Gurugram, Noida, and Kolkata.
• Its portfolio includes 24.3 million sq ft operational space, 0.6 million under construction, and 4 million future development.
• Brookfield’s holdings span luxury hotels (Leela), a stake in Nirlon Ltd, and significant allocations in infrastructure, renewable energy, and credit.
• 360 ONE Asset, a subsidiary of a $78 billion wealth manager, controls $6 billion AUM as of June 2025.

The forward-looking partnership between Brookfield and 360 ONE Asset demonstrates confidence in India’s real estate and infrastructure sectors, promising sustained growth and dynamic market moves.