Brookfield Asset Management Ltd. said it has committed 43 billion rupees (US$444 million) to acquire and develop ESR India’s portfolio in its first deal for warehousing-focused real estate in the country.
Brookfield will acquire eight industrial parks, spread over 400 acres across Mumbai, Pune, Delhi-National Capital Region, Chennai and Kolkata , the firm said in a statement Wednesday, adding that as much as 98 per cent of the space is leased to tenants operating in the logistics and industrials segment.
ESR India will continue to manage the portfolio, the firm said.
The deal reflects growing appetite for warehousing space across top Indian cities. Industrial leasing in top eight cities rose 12 per cent to 22 million square feet in the first half of 2026 on the back of sustained demand from e-commerce, automobile and third-party logistics firms , said a July report by Colliers. As many as 40 per cent of the tenants are seeking space larger than 200,000 square feet.
This demand is attracting a wide array of investors. Alta Capital-backed Logicap Management PTE acquired Xander Investment Management’s warehousing assets for 15 billion rupees in August 2026, according to a report by Mint newspaper. Last November, a Canada Pension Plan Investment Board and IndoSpace joint venture acquired six industrial and logistics parks for 30 billion rupees.