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In a strategic deal, asset management firm 360 ONE Asset has acquired a 50% stake in Bluegrass Business Park from Brookfield Asset Management for an enterprise value of approximately INR 2,400 crore. This investment, which was completed in late August 2025, reflects growing investor confidence in India's commercial real estate sector. The acquisition gives 360 ONE Asset exposure to a two million sq ft office development in Kalyani Nagar, Pune, strengthening its real assets platform and marking its first partnership with a major global institutional investor in the real estate sector.
Asset management firm 360 ONE Asset, a subsidiary of 360 ONE WAM, has acquired a 50% stake in the Bluegrass Business Park from Brookfield Asset Management for an enterprise value of approximately INR 2,400 crore. This deal, which gives 360 ONE Asset control over a two million sq ft office development in Kalyani Nagar, Pune, is a testament to the growing investor confidence in India's commercial real estate market, especially in top-performing urban centers. Advertisement
The seven-acre campus consists of a one million square feet operational tower that is currently leased to Mastercard, and another under-construction tower with street retail. According to a statement from the company, Brookfield will continue to manage, develop, and lease the property, highlighting a partnership-driven approach to the investment. Niraj Murarka, Chief Investment Officer of Real Assets at 360 ONE Asset, stated that this acquisition reflects the company's strategy of investing in high-quality, future-ready real estate assets across core urban markets.
This transaction is a significant development in Pune's commercial real estate market, which has witnessed a record high in gross leasing volume in the first half of 2025, with engineering and manufacturing, IT-BPM, and professional services leading the demand. The city's overall real estate market is also showing stable momentum, with residential prices continuing their upward trend, recording a 6% year-on-year increase in the first half of 2025. This deal reinforces Pune's growing position as a cost-efficient, talent-rich hub for complex global operations, with key infrastructure upgrades like the Pune Metro advancing.
Source: PTI
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