Brookfield Asset Management Ltd. committed 43 billion rupees ($444 million) to acquire and develop ESR India’s warehouse portfolio, marking the firm's first deal for logistics-focused real estate in India. The acquisition includes eight industrial parks spanning 400 acres across Mumbai, Pune, Delhi-National Capital Region, Chennai, and Kolkata. Approximately 98% of the leased space is occupied by tenants in the logistics and industrials sectors.
ESR India will continue to manage the portfolio following the transaction. The deal highlights growing investor appetite for warehousing space across top Indian cities. Industrial leasing in the top eight cities increased 12% to 22 million square feet in the first half of 2026, driven by sustained demand from e-commerce, automobile, and third-party logistics firms.
A July Colliers report notes that 40% of tenants are seeking space larger than 200,000 square feet. This demand is attracting a wide array of investors, including Alta Capital-backed Logicap Management Pte, which acquired Xander Investment Management’s warehousing assets for 15 billion rupees in August 2026. Last November, a Canada Pension Plan Investment Board and Indo Space joint venture acquired six industrial and logistics parks for 30 billion rupees.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing