Canadian institutional money is pouring into India. One of our earlier blogs talks about Toronto-based Brookfield acquiring the telecom towers of India’s Reliance Communications. The Brookfield-Reliance Infratel transaction worth $1.6 billion is the second-biggest private equity transaction ever in the country.
Last October, in one of India’s largest deals in the commercial property space, Brookfield Asset Management acquired Hiranandani Group‘s 4.5 million square feet of offices and retail space in Powai, Mumbai, for approximately $1 billion.
“Our long investment horizon aligns to the financing and capital needs of India’s economy, growing entrepreneur culture and the strength of business in the country,” says Suyi Kim, Managing Director, Head of Asia Pacific at CPPIB.
