Canadian real estate company Brookfield Property Partners has acquired the entire interest in a portfolio owned by Unitech Corporate Parks and IDFC. The portfolio comprises six IT and special economic zone projects – two in Gurgaon, three in Noida and one in Kolkata.
The purchase was partly funded by a US$220 million term loan facility and the onshore debt was refinanced following the acquisition. The offshore debt financing makes it one of the largest acquisition financing facilities for a real estate asset in India by an international investor.
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