In a key development under Jet Airways’ ongoing insolvency proceedings, global alternative investment major Brookfield Asset Management has acquired an additional office floor in commercial tower Godrej BKC in Mumbai’s business district Bandra-Kurla Complex for Rs 370.25 crore, said persons with direct knowledge of the development.
The sale was conducted under the Insolvency and Bankruptcy Code (IBC) and overseen by the National Company Law Tribunal (NCLT). Bank of Baroda had initially emerged as the highest bidder, but Brookfield has now exercised its right of first refusal to match the bid and secure the asset.
With this purchase, Brookfield’s footprint in the 19-storey premium commercial tower now spans about 250,000 sq ft across…