Brookfield Property Partners explores options for office assets: Reuters
Brookfield Property Partners LP is considering options for its office properties in the Northeastern United States that include the potential sale of a stake that could value the portfolio at as much as US$10 billion, sources told Reuters. The sale, which could attract interest from investment firms and sovereign wealth funds, would allow Brookfield Property to capitalize on the value of its high-end office assets, many of which are in major U.S. cities such as New York and Washington, the sources said. Brookfield Property was created in 2013 when it was spun off by its parent Brookfield Asset Management Inc, a Toronto-based alternative investment firm. Brookfield Asset Management remains the largest shareholder in Brookfield Property.
5 October 2017•2 mins read
