Brookfield Properties has revealed a leasing agreement tailored for JPMorganChase concerning a new office development in Powai, Mumbai.
The initiative, covering an area of six acres, will be constructed on land that was recently acquired by a private real estate fund backed by Brookfield Asset Management, following an agreement with the Mumbai Metropolitan Region Development Authority and a Brookfield-led partnership with BS Sharma.
Expected to be completed by 2030, the facility, spanning 1.3 million square feet, will bring together JPMorganChase’s employees in Mumbai into a contemporary, state-of-the-art workspace.
As the principal owner, Brookfield is committing substantial capital to realize the office tower. Powai, the location of the property, provides a live-work-play environment with robust residential, retail, and social infrastructure, along with excellent connectivity. CBRE and Khaitan & Co acted as advisors for this transaction. Ankur Gupta, Deputy Global CIO of Brookfield Asset Management, remarked, “We are delighted to enhance our global partnership with JPMorganChase through this agreement.
This significant deal underscores India’s status as a premier global capability center destination.”
