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Brookfield to Build Asia's Largest Office Hub in Mumbai
12 Dec
Summary
- Brookfield plans a $1 billion investment in a major Mumbai project.
- The center will be Asia's largest global capability center.
- A multinational bank will occupy the space for 20 years.
Brookfield Asset Management has announced plans for a substantial $1 billion investment in a new global capability center located in Mumbai. This ambitious project is set to become the largest of its kind in Asia, occupying a six-acre site and developing around 2 million square feet of prime office space. The initiative underscores India's ascendant position as a premier destination for international firms establishing critical back-office operations.
The development will be undertaken in collaboration with the Mumbai Metropolitan Region Development Authority. A significant multinational bank has already secured its occupancy of the facility, having signed a 20-year lease agreement. This commitment by a major financial institution further validates Mumbai's appeal for large-scale corporate infrastructure.
