New Delhi, March 31 Brookfield India Real Estate Trust has appointed Shashank Jain as the Chief Executive Officer (CEO) and Managing Director of the firm managing the REIT.
Alok Aggarwal will continue as CEO and MD until June 30, and Shashank Jain's appointment will be effective from July 1.
In a regulatory filing on Tuesday, Brookfield India Real Estate Trust informed that the board of its manager, Brookprop Management Services Pvt Ltd, has approved the appointment of Jain as CEO and as an additional director under the category of Managing Director.
Jain is joining from PwC India, where he is the Co-Head of deals practice, and previously also led the transaction services practice within deals.
He has been working in the real estate sector for over 20 years and has been involved in significant transactions across various asset classes.
Jain, a member of the Institute of Chartered Accountants of India, holds a Diploma in Business Finance from the Institute of Chartered Financial Analysts of India.
Brookfield India REIT has 11 Grade A assets located across Delhi, Mumbai, Bengaluru, Gurugram, Noida, and Kolkata. Its portfolio consists of a total leasable area of 37 million sq ft, comprising 32.4 million sq ft of operating area, 0.6 million sq ft of under-construction area, and 4 million sq ft of future development potential.