Global Asset Manager Brookfield Expands Mumbai BKC Empire with ₹370 Crore Jet Airways Office Floor Purchase

Brookfield Asset Management reportedly strengthened its position in Mumbai's premier business district by acquiring an entire office floor from bankrupt airline Jet Airways for ₹370.25 crore, according to market sources. The transaction, completed on August 11, 2025, significantly expanded the global asset manager's footprint in the prestigious Godrej BKC tower located in Bandra-Kurla Complex.

Strategic Right of First Refusal Exercised

Industry experts revealed that Brookfield's ambitious investment strategy came into play when the company exercised its right of first refusal to match a competing bid. This strategic move allowed the Canadian asset manager to secure the office space, adding to its existing portfolio in the 19-storey commercial tower.

Market analysts indicated that the acquisition brought Brookfield's total controlled area to approximately 250,000 square feet across three contiguous floors. The deal also included exclusive parking rights and a coveted seat on the building's management board, previously held by Jet Airways.

Premium Market Positioning

Real estate consultants confirmed that Bandra-Kurla Complex remains India's costliest office micro-market, with monthly rental rates ranging between ₹650-₹700 per square foot. Industry data suggested that rental values had climbed nearly 30% over recent years, driven by limited supply and sustained demand from multinational corporations and domestic enterprises.

Property experts noted that Brookfield had previously invested ₹490 crore in 2020 to acquire two adjacent floors in the same tower. These floors were reportedly leased to high-profile tenants including the World Bank and PayPal, demonstrating the premium nature of the asset.

Development Portfolio Details

Sources close to the company disclosed that Brookfield also owned a prime two-acre plot (C-80) in BKC with development potential exceeding 360,000 square feet. This land holding, combined with the office acquisitions, positioned the firm as a major stakeholder in Mumbai's premium BKC office market.

Transaction Analysis

Market Impact and Future Outlook

Commercial real estate analysts suggested that this latest acquisition reinforced Brookfield's long-term commitment to building a commanding portfolio in Mumbai's Grade-A commercial real estate sector. The consolidation of multiple contiguous floors reportedly positioned the firm to attract large corporate occupiers seeking premium, scalable office spaces in the city's most sought-after business hub.

Industry observers noted that institutional investors' continued interest in BKC properties reflected the area's status as Mumbai's financial capital. The transaction was seen as part of broader trends in commercial real estate investment, with improved connectivity through Metro Line 3 expected to further enhance the district's appeal.

Disclaimer: This news article is based on information from publicly available sources and market reports. The details mentioned are for informational purposes only and should not be considered as investment advice. Readers are advised to conduct their own research and consult with financial advisors before making any investment decisions. The accuracy of the information cannot be guaranteed and market conditions may change rapidly.