360 ONE Asset acquired 50% stake in Bluegrass Business Park, Pune from Brookfield Asset Management’s private real estate fund at an enterprise value of ₹2,400 crore.
The park spans 7 acres, with a 1 million sq. ft. operational tower leased to Mastercard and an under-construction office tower with high-street retail, totaling 2 million sq. ft.
360 ONE Asset Picks 50% Stake in Business Park from Brookfield at ₹2,400 Cr Enterprise Value
Bluegrass Business Park, spread over 7 acres, comprises a one-million-square-foot operational tower leased to Mastercard and an under-construction office tower with high-street retail
360 ONE
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360 ONE Asset has acquired a 50% stake in Bluegrass Business Park in Pune from Brookfield Asset Management's private real estate fund at an enterprise value of ₹2,400 crore.
Bluegrass Business Park, spread over 7 acres, comprises a one-million-square-foot operational tower leased to Mastercard and an under-construction office tower with high-street retail.
"The asset, which is a 2 million square feet office development in Kalyani Nagar, Pune, was acquired for an enterprise value of approximately ₹2,400 crore (USD 280 million)," the company said in a statement on Monday.
Brookfield will continue to oversee the management, development, and leasing of the asset.
Niraj Murarka, Chief Investment Officer - Real Assets at 360 ONE Asset, said: "This acquisition reflects our strategy of investing in high-quality, future-ready real estate assets across core urban markets." Rachit Kothari, Senior Vice President - Real Estate at Brookfield, said this transaction reflects investor confidence in the India office sector.
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Brookfield is one of the largest office owners and operators in India, with over 55 million square feet across key office markets.
360 ONE Asset, a subsidiary of 360 ONE WAM, is an alternative asset management platform with USD 6 billion AUM (asset under management) as of June 30, 2025.
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