Indian firms Khaitan & Co and Shardul Amarchand Mangaldas (SAM) have advised Canadian alternative asset manager Brookfield Asset Management on its $1.4 billion sale of two Grade-A commercial assets in India to Brookfield India Real Estate Trust and Singapore sovereign wealth fund GIC Private Ltd in a strategic partnership.
The deal comes less than two years after the Canadian alternative asset manager made a $2 billion acquisition of office and co-working assets from Bengaluru-headquartered RMZ Corp. The transaction, which was then advised by Khaitan, Cyril Amarchand and AZB Partners, was India’s largest-ever real estate deal.
