Brookfield invests Rs 800 crore in Total Environment Building Systems

Canada-based Brookfield Capital Partners, private equity arm of Brookfield Asset Management has invested Rs 800 crore in Bangalore-based realty developer Total Environment Building Systems’ portfolio of five of projects spread over 4.5 million sq ft. Kamal Sagar, managing director at Total Environment Building Systems said, “This will be a structured transaction with upside share after three years. The portfolio includes a mix of middle income and luxury residential projects in Bangalore that are due to be launched this year. The company has a total portfolio of 7 under construction and ongoing projects totalling to 3500 units.