news

Khaitan & Co has advised Brookfield Asset Management on its $1.4 billion sale of two commercial properties in India to a partnership between its locally listed REIT Brookfield India, represented by Shardul Amarchand Mangaldas, and Singapore sovereign wealth fund GIC, counselled by Trilegal.

The properties being acquired are in India's financial capital Mumbai, Maharashtra, and Gurugram, a satellite city of the national capital region, reported Reuters, adding that Brookfield India REIT's portfolio will expand by 35 percent in total leasable space and 44 percent in operating area with this acquisition.

The Khaitan team was led by partners Aakash Choubey, Aashutosh Sampat, Harsh Parikh and Anisha Chand.

The SAM team was led by partners Jay Gandhi and Abhishek Parekh, with support from partners Nikhil Naredi, Zubin Mehta, Harman Singh Sandhu, Yaman Verma, Jay Gandhi, Bhoumick Vaidya, Mrinal Kumar, and Shrutikirti Kumar.

TO CONTACT EDITORIAL TEAM, PLEASE EMAIL ALBEDITOR@THOMSONREUTERS.COM

Related Articles

Features

INDIA REPORT: Merger Momentum

by Nimitt Dixit |

Despite global uncertainties, India's M&A landscape remains robust, with domestic deals driving growth and diverse sectors attracting investments. Experts predict a positive outlook for H2 2024, bolstered by policy continuity and abundant dry powder.

Deals

Simpson Thacher, Nishimura act on Blackstone’s $2.17 bln Japan pharma sale

by Nimitt Dixit |

Japanese law firm Nishimura & Asahi has represented private equity group MBK Partners on its acquisition of drugmaker Alinamin Pharmaceuticals for 350 billion yen ($2.17 billion) from PE giant Blackstone, which was advised by its longstanding firm Simpson Thacher & Bartlett.

Appointments

Top CAM dealmaker rocks market with move to Khaitan

by Nimitt Dixit |

Top Indian dealmaker Shishir Vayttaden has left the equity partnership at Cyril Amarchand Mangaldas to join Khaitan & Co, along with two other partners in his team, K. Aishwarya and Aditi Singhvi.