Brookfield, Blackstone in race to acquire ESR-Allianz assets

Deal value pegged at around %4,000 cr

- RAGHAVENDRA KAMATH

BROOKFIELD ASSET MANAGEMENT and Blackstone Group, two of the largest global investors, have emerged as the front runners to buy the 10-million-square-feet warehousing portfolio of ESR-Allianz, sources in the know said.

The deal value is expected to be around %4,000 crore.

ESR-Allianz will decide on the ultimate winner soon, one of the sources said. ESR-Allianz is an equal joint venture between Asia-Pacific-focused logistics developer & investor ESR and Allianz Real Estate, part of German group Allianz.