Brookfield India REIT appoints Shashank Jain as new MD & CEO

Synopsis

Brookfield India Real Estate Trust has a new leader. Shashank Jain will take over as Chief Executive Officer and Managing Director on July 1. He brings 25 years of experience from PwC India. Alok Aggarwal will continue until June 30. Jain has a strong background in real estate and private equity.

MUMBAI: Brookfield India Real Estate Trust has appointed Shashank Jain as the Chief Executive Officer (CEO) & Managing Director (MD) of the Manager of the Real Estate Investment Trust (REIT).

The current MD & CEO Alok Aggarwal will continue until June 30 and the appointment of Jain will be effective from July 1, the REIT said in a statement.

Jain is joining the REIT from PwC India where he co-leads the deals practice. He has 25 years of experience working in leadership roles across real estate, private equity and mergers and acquisitions advisory.

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“Alok has been at the forefront of helping us build a strong team and a world-class platform in India, which is poised for growth…Shashank has a strong track record of creating value and has previously served as an advisor to Brookfield’s real estate business in India,” said Ankur Gupta, Head of APAC and Middle East Real Estate, at Brookfield Asset Management and Chairman on the Board of the Manager of BIRET.

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Brookfield India REIT is India's only 100% institutionally managed pan-India office REIT, managing 11 Grade A assets located in key gateway markets of India including Mumbai, Delhi, Bengaluru, Gurugram, Noida, Kolkata.

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The REIT’s portfolio consists of 37 million sq ft sf total leasable area, comprising 32.4 million sq ft of operating area, 0.6 million sq ft of under construction area and 4 million sq ft of future development potential.

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