Legal DealFolio - Brookfield Property Partners Acquisition of Unitech Indian Portfolio

Linklaters advised Brookfield Property Partners on the acquisition and related financing of the entire interest in a portfolio owned by Unitech Corporate Parks and IDFC Limited. The portfolio comprises six IT and Special Economic Zones projects with two in Gurgaon, three in Noida and one in Kolkata. The purchase price for the portfolio was partly funded by a USD220,000,000 term loan facility by Brookfield and the onshore debt was refinanced following the acquisition. The offshore debt financing made it one of the largest acquisition financing facilities for a real estate asset in India by an international investor. The Linklaters team advising Brookfield on all aspects of the financing was led by Linklaters' Head of India, Narayan Iyer and Banking managing associate Sudhir Nair. The term facility was provided by a club of banks which included Deutsche Bank AG, Singapore Branch, HSBC, and Standard Chartered Bank and original lenders.

Deal Date:	22-04-2015	Practice Area:	Real Estate
Deal Title:	Brookfield Property Partners Acquisition of Unitech Indian Portfolio	Industry:	Real Estate Investment & Services
Description:	Linklaters advised Brookfield Property Partners on the acquisition and related financing of the entire interest in a portfolio owned by Unitech Corporate Parks and IDFC Limited. The portfolio comprises six IT and Special Economic Zones projects with two in Gurgaon, three in Noida and one in Kolkata. The purchase price for the portfolio was partly funded by a USD220,000,000 term loan facility by Brookfield and the onshore debt was refinanced following the acquisition. The offshore debt financing made it one of the largest acquisition financing facilities for a real estate asset in India by an international investor. The Linklaters team advising Brookfield on all aspects of the financing was led by Linklaters' Head of India, Narayan Iyer and Banking managing associate Sudhir Nair. The term facility was provided by a club of banks which included Deutsche Bank AG, Singapore Branch, HSBC, and Standard Chartered Bank and original lenders.
Financial Center:	London	Value:	100.01-500.00
Advised Party:	Purchaser	Law Firm	Linklaters
Real Estate Jurisdiction	India	Purchaser Jurisdiction	United Kingdom
Classification:	Real Estate Acquisitions and Disposals	Lawyer	Narayan Iyer

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