IMAP India is pleased to announce the successful closure of a Rs. 250 crore (~$30 million) structured debt transaction for Redbrick Group, one of India’s leading providers of flexible and managed office space solutions. The funding has been raised from marquee institutional private credit funds and will support Redbrick’s ongoing expansion across key commercial hubs in India.
With a presence across 20+ premium locations in Mumbai, Thane, Navi Mumbai, Pune, Bangalore, and Hyderabad, Redbrick Group currently manages approximately 2.4 million sq. ft. of leasable area, primarily within Grade A commercial buildings.
In response to the post-COVID surge in demand for premium, agile office spaces, Redbrick has embarked on an accelerated growth strategy, aiming to scale its portfolio to ~4.0 million sq. ft. over the next 18 months. This expansion is supported by a robust leasing pipeline and increasing interest from enterprise clients seeking ready-to-move, professionally managed office environments.
Historically, Redbrick’s growth had been constrained by the need to secure loans against owned real estate. With IMAP India’s support, the Group has now successfully raised structured debt backed solely by the strength of its operating cash flows—unlocking a more flexible and scalable capital structure to fund future growth.
