Brookfield facilitated vaccinations for over 32,000 people including employees, tenants, front-line workers and families
NEW DELHI, Aug 11 (The CONNECT) - Brookfield India Real Estate Trust Income from Operating Lease Rentals grew to Rs 1.6 billion, a 7.3% increase year on year, driven by contractual escalations and the company sees strong return-to-office preparations across our occupiers as vaccinations pick up.
Brookfield facilitated vaccinations for over 32,000 people including its employees, tenants, front-line workers and their families across our properties and will continue to organize these drives in collaboration with local authorities.
“We look forward to supporting our tenants’ plans with the highest health and safety standards,” said Alok Aggarwal, Chief Executive Officer, Brookprop Management Services Private Limited.
Brookfield campuses, which house many of India’s leading technology and services companies, have remined resilient with 89% Same Store Occupancy and collections at, 99%.
The company collected 99% of contracted rentals, while achieving average 6% escalation on 0.7 M sf of leased area
Brookfield delivered 673,000 SF in Candor N2 during the quarter, along with 458,000 SF of new leasing. It leased 377,000 SF to Samsung in the newly completed Tower 11
Brookfield pledged with IGBC to achieve net zero carbon emission status by 2050.
The Brookfield India Real Estate Trust is India’s only institutionally managed public commercial real estate vehicle. Sponsored by an affiliate of Brookfield Asset Management, one of the world’s largest alternative asset managers with approximately US$600 billion in assets under management, as of March 31, 2021, the company's goal is to be the leading owner of high quality income producing commercial real estate assets in key gateway Indian markets, which have significant barriers to entry.