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Brookfield Asset Management has committed 43 billion rupees, reported as about $444 million, to acquire and develop ESR India’s industrial and logistics portfolio, marking Brookfield’s entry into India’s warehousing-focused real estate sector. The companies announced the transaction on Wednesday, October 7, 2026.
The portfolio comprises eight industrial parks across roughly 400 acres and totals about 10.5 million square feet, according to company information reported by Business Standard. The properties are in the Mumbai, Pune, Delhi-National Capital Region, Chennai and Kolkata markets. ESR India is expected to continue managing them after the transaction, providing continuity for existing tenants.
Operating assets across major logistics markets
About 98% of the portfolio is leased, with tenants in logistics and industrial sectors, according to the announcement as reported by Investing.com. Business Standard said the properties include warehouses, fulfilment centres and light-manufacturing facilities, and described them as Grade A parks located near industrial and freight corridors.
The acquisition gives Brookfield an operating portfolio across multiple major metropolitan areas rather than a single development site. The firms said the committed capital will support both the acquisition and future development, though public reporting did not specify how much of the amount is allocated to each purpose or identify particular projects slated for expansion.
A new segment for Brookfield in India
The deal extends Brookfield’s Indian real-estate presence into industrial and logistics property. Business Standard reported that Brookfield has more than $13 billion of real-estate assets in India across office and hospitality, while its broader Indian assets under management across business lines were approximately $33 billion.
Brookfield executive Ankur Gupta said the company’s existing presence in Indian offices and hospitality provided a base for expanding into logistics and industrial real estate. He also linked the investment to India’s role in global supply chains, according to remarks reported by Business Standard. The deal announcement did not provide a projected return, financing structure or an estimate of the portfolio’s purchase valuation per square foot.
ESR to remain property manager
ESR, a Singapore-based real-assets owner and manager, developed and manages the Indian portfolio. Its India chief executive, Abhijit Malkani, characterized the transaction as a realization for the company’s capital partners and said ESR would continue managing the assets, according to Business Standard’s account of the joint statement.
Keeping ESR in a management role separates ownership from day-to-day property operations, at least in the near term. Neither company disclosed a detailed transition plan, the identity of the selling entities or whether the management arrangement has a fixed duration. Those details, as well as regulatory approvals and the expected closing date, were not specified in the reporting available on announcement day.
Warehousing demand and recent deal activity
The transaction comes amid rising leasing activity in India’s industrial and warehousing market. Colliers reported that leasing across the top eight cities reached nearly 22 million square feet in the first half of 2026, up 12% year over year. Its market data offers context for the acquisition, but does not establish that demand alone motivated Brookfield’s investment.
Other investors have also pursued Indian logistics properties. Canada Pension Plan Investment Board and IndoSpace announced in November 2025 that a joint venture had acquired six industrial and logistics parks valued at 30 billion rupees. That deal and Brookfield’s latest commitment illustrate continued institutional investment in the sector, while the available announcements do not provide a directly comparable measure of portfolio size, occupancy or transaction structure.
For Brookfield and ESR, the immediate next steps remain largely undisclosed. The companies have identified the assets, investment commitment and ongoing management arrangement, but have not publicly set out a closing timetable or detailed development schedule. Until those terms are reported, the announced commitment is the clearest measure of the transaction’s scope.
