BIRET is managed by Brookprop Management Services Private Limited (“Investment Manager”), and the trustee is Axis Trustee Services Limited. BIRET is sponsored by BSREP India Office Holdings V Pte. Ltd. (Sponsor”), an affiliate of Brookfield Corporation (“Brookfield Group”). The Investment Manager and BIRET are part of Brookfield Group. Brookfield Group is a global alternative asset manager with a presence in real estate, infrastructure, renewable energy, and private equity with an AUM of US$272 billion in real estate (over 500 msf) as on September 30, 2024. In India, Brookfield Group has an AUM of approximately US$10 billion in real estate as on June 30, 2024. Its Indian office real estate business has a diversified portfolio of ~55 msf of assets in 10 cities, including BIRET portfolio of assets. BIRET is listed on the Indian stock exchanges. Brookfield Group owns ~40 percent shareholding in BIRET, and other investors own the remaining ~60 percent as on September 30, 2024.

BIRET has raised INR 35,000 million of equity funds through the QIP.  Out of this, IFC has made an equity investment of INR 8,350 million, resulting in IFC holding about 5 percent stake in BIRET. The immediate use of the proceeds will be for debt paydown and general corporate purposes as set out in the placement document. BIRET’s Sponsor group provides access to c.26 million square feet of high-quality office assets in places like Bengaluru, Chennai, Hyderabad, and Pune. A lower leverage is expected to create headroom for future acquisitions and support BIRET’s long-term strategy of acquiring stabilized, income-generating office assets and funding capital expenditures to upgrade its existing portfolio.

BIRET’s assets include ten integrated business parks and one independent mall located across Delhi National Capital Region (NCR), Mumbai, Kolkata and Ludhiana.

  This is a Category B project according to IFC's Environmental and Social Sustainability Policy, 2012. This is because the Project entails mostly operational assets and one ongoing brownfield development at Kolkata. The key E&S risks and issues associated with this Project include: company's E&S management system and organizational capacity to identify and manage E&S risks and impacts, including stakeholder engagement and grievance redressal mechanism, labor compliance and working conditions, energy and water consumption, and life and fire safety (“L&FS”)