Brookfield to invest $68m structured debt in Peninsula Land’s Mumbai project

Brookfield to invest $68m structured debt in Peninsula Land’s Mumbai project

Photo: Aniruddha Chowdhury/Mint

Canada’s Brookfield Asset Management Inc. is set to invest Rs450 crore in Mumbai-based Peninsula Land Ltd’s premium project in Byculla in a structured debt transaction, three people familiar with the deal said. The Peninsula deal marks Brookfield’s first investment in a residential project in India from its new $9 billion global real estate fund.

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