new delhi brookfield asset management has acquired a 51 stake in a wholly owned real estate company of bharti enterprise at an enterprise value of rs 5000 crore the realty company owns 33 million sqft commercial property portfolio including prime property in the capitals aerocity the remaining 49 stake in the jv will remain with bharti enterprise having an interest in telecom space insurance hospitality and foodas part of a recent restructuring bharti realty the real estate arm of bharti enterprise had hived off four of its commercial properties worldmark aerocity in delhi worldmark 65 and airtel center in gurugram and pavillion mall in ludhiana to rostrum realty a wholly owned subsidiary of bharti enterprisesbrookfield asset management fund has acquired a 51 stake in rostrum realty bharti realty which has constructed over 5 million sqft of gradea commercial real estate will continue to manage its remaining real estate stock after the dealthe company is developing over 10 million sqft retail and mixeduse real estate space in delhi ncr money raised from the transaction is proposed to be used to develop fresh stock of assetsat the same time the jv with brookfield will add value to the portfolio promising higher returns as brookfield is known for its real estate management skills and branda senior consultant said the deal will help brookfield create a quality portfolio of commercial real estate and fetch bharti higher returns and provide capitalbrookfield asset management is a leading global alternative asset manager with approximately 800 billion of assets under management across renewable infrastructure real estate private equity and credit it also runs a real estate investment trust reit in the country which manages commercial real estate portfolio of 187 million sqftharjeet kohli joint md bharti enterprises said bharti would continue to invest substantially to develop more real estate assets for meeting growing demand for wellmanaged commercial real estate in the country kohli said this deal will become the template for the developed assets