360 ONE Asset Acquires 13% Stake in Bengaluru Office Asset for ₹1,125 Crore
360 ONE Asset acquires 13% stake in Bengaluru office asset for ₹1,125 cr
Business Standard
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360 ONE Asset has acquired a 13% equity stake in Ecoworld, a Grade-A office campus in Bengaluru, for ₹1,125 crore (approximately $135 million USD). This acquisition is part of a larger transaction involving Brookfield India Real Estate Investment Trust, which retains an 87% stake in the asset.
- 01360 ONE Asset acquired a 13% stake in Ecoworld for ₹1,125 crore.
- 02Ecoworld is a 7.7 million square feet commercial development in Bengaluru.
- 03Brookfield India Reit retains an 87% stake in the asset post-transaction.
- 04The acquisition aligns with 360 ONE Asset's strategy for high-performing investments.
- 05Bengaluru's office market saw a 28% decline in transactions year-on-year in Q1 2026.
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360 ONE Asset has successfully acquired a 13% equity stake in Ecoworld, a prominent Grade-A office campus located in Bengaluru, for ₹1,125 crore (approximately $135 million USD). This acquisition was made through a primary issuance of securities by Arliga Ecoworld Business Parks Private Ltd., which owns the campus. Following this transaction, Brookfield India Real Estate Investment Trust (Reit) will maintain an 87% stake in the asset. Ecoworld spans 7.7 million square feet and includes 15 buildings, featuring both commercial and special economic zone (SEZ) spaces, and is leased to various blue-chip companies. Deepak Aswani, Chief Investment Officer at 360 ONE Asset, emphasized that this investment aligns with their strategy to target high-performing, income-generating assets. Additionally, Bengaluru's office market experienced a 28% decline in transactions year-on-year in the first quarter of 2026, despite a significant increase in completions.
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This acquisition signifies a robust investment in Bengaluru's office market, which may enhance the local economy by attracting more businesses and creating job opportunities.
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