Brookfield buys more properties in NCR: Cyril Amarchand Mangaldas and Khaitan bag key roles

The sale of stake was made in exchange of preferential issuance of units of Brookfield REIT.

Global investment firm Brookfield Asset Management has acquired a 51 per cent stake in Bharti Enterprises’ four commercial properties.

The properties include Worldmark Aerocity (Delhi), Worldmark 65 and Airtel Center (Gurgaon) and Pavillion Mall (Ludhiana).

Cyril Amarchand Mangaldas advised the Bharti group entities in this transaction.

The transaction team was led by Akila Agrawal, Partner & Head - Mergers and Acquisitions, Mukul Sharma, Partner; with support from Neham Tayal, Principal Associate; Rudraksh Durrani, Principal Associate; Shreya Teewari, Senior Associate; Aparajita Marwah, Associate; and Devarshi Mohan, Associate.

The transaction team received guidance and strategic inputs from L. Viswanathan, Partner & Chair – Finance, Projects & Insolvency.

Kranti Mohan, Partner & Head - REITs and InvITs; and Janhavi Manohar, Partner; assisted on REIT related advisory.

SR Patnaik, Partner; with support from Thangadurai V.P, Principal Associate; assisted with taxation related aspects.

Vijay Chauhan, Partner; with support from Ananya Mahant, Associate; advised on competition law related aspects of the transaction.

Ashish Jain, Partner; with support from Mayur Nene, Senior Associate; advised on real estate related aspects of the transaction.

Akila Agrawal, Mukul Sharma
Akila Agrawal, Mukul Sharma

Khaitan & Co acted for Brookfield and the team was led by Partner Deepak Jodhani.

Deepak Jodhani
Deepak Jodhani

Brookfield has been shuffling law firms in their past few deals. TTA, SAM, Luthra have represented in the last few transactions.

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