Mumbai, April 27 -- The aforementioned transaction would create a 50-50 joint venture in Vibrancy Real Estates (VREPL), which is a wholly owned subsidiary of Brigade Enterprises. Both parties would subscribe to a mix of equity and convertible instruments of VREPL.

GSS India Opportunities AIF Scheme-I is a Category-II AIF that is managed by Bain Capital Advisors (India).

Vibrancy Real Estates holds an 11.04-acre land parcel in Whitefield, Bengaluru. The said land parcel is proposed to be developed into an integrated mixed-use project comprising Grade-A office space and a hotel, with a development potential of around 2 million square feet.

Brigade Enterprises is one of India's leading property developers. The company has developed proper...