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Brookfield Asset Management , one of the world's largest property and infrastructure investors, is set to buy the commercial real estate assets, mostly tenanted office buildings, of Hiranandani Developers in Powai near Mumbai for $1 billion.

Brookfield pipped other potential suitors (Canadian Pension Plan Investment Board and Blackstone ) with an aggressive offer to chase down its third Indian buyout deal, after snapping up Unitech Corporate Parks and Gammon's road and power assets

I am not sure winning auctions by outbidding competitors with aggressive offers is such a good thing. Another recent acquisition for Australian logistics company Asciano in "a brutal process."
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