{
  "id": 12637060,
  "title": "Brookfield Buys 8 Industrial, Logistics Parks From ESR; Plans ₹4,300 Crore Investment",
  "url": "https://urgent.news/2026/10/07/brookfield-buys-8-industrial-logistics-parks-from-esr-plans-4-300",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-07T13:30:24.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/brookfield-buys-8-industrial-logistics-parks-from-esr-plans-4300-crore-investment"
  },
  "original_language": "en",
  "account": "New Delhi, October 7, 2026 - Investment firm Brookfield announced on Wednesday the acquisition of eight industrial and logistics parks from ESR India, committing Rs 4,300 crore (approximately USD 450 million) for the purchase and development of the real estate assets. The statement from Brookfield stated that they have acquired a 100% interest in a portfolio of 10.5 million square feet, which is currently operating at around 98% occupancy and spread across 400 acres in six metro areas, including Mumbai, Pune, Delhi-NCR, Chennai, and Kolkata.\n\nThe portfolio, purchased from ESR India, represents Brookfield's entry into the industrial and logistics real estate sector in India. The bulk of the committed investment is expected to be used for the acquisition of these properties. ESR India will continue to manage the acquired properties in the short term.\n\nA spokesperson for Brookfield, Ankur Gupta, said that the company's strong presence in India's office and hospitality sectors will provide a solid foundation for expanding into the logistics and industrial real estate space. He added that as India's integration into global supply chains increases, the development of high-quality logistics infrastructure will bolster the country's logistics capabilities and cost competitiveness.\n\nAbhijit Malkani, Chief Executive Officer of ESR in India, stated that the company will continue to manage the portfolio, ensuring continuity for existing customers while supporting its next growth phase.",
  "summary": "New Delhi, October 7, 2026: Global investment firm Brookfield on Wednesday said it has purchased eight industrial and logistics parks from ESR India, entailing a committed investment of Rs 4,300 crore for the acquisition and the development of the real estate assets. In a statement, Brookfield said it has acquired “100 per cent interest in a 10.5 million square feet portfolio from ESR India,…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}