Brookfield Asset Management related stories
All articles and analysis
JBG acquires DC office from BrookfieldThe Chevy Chase, Maryland firm paid $53m for One Bethesda Center, a 167,000 sq. ft. office and retail property, for $71m assuming a $53m mortgage. The property was originally bought by Brookfield in 2006 for $66.4m.
- Brookfield’s GGP bid bolstered by extra $3.9bn capital raise
Fairholme Capital and Pershing Square have pledged $3.9bn of fresh capital to support a recapitalisation of bankrupt REIT General Growth Property. It follows Brookfield’s equity pledge of $2.63bn last month.
- PERE Awards 2009: CIC, Brookfield and Lone Star battle for global firm title
With just 48 hours until polls close, several tight races have emerged; including Rockwood and Starwood fighting for North America fund of the year, and Benson Elliot, Mountgrange and Orion in Europe fundraise of the year.
- GGP to exit bankruptcy in days
After a $6.8bn recapitalisation involving Brookfield, Pershing Square, Fairholme, Blackstone and Texas Teachers, a judge has backed the mall REIT’s plans to leave bankruptcy on or around 8 November.
- AREA pays $50.4m for ex-Fairfield properties
The New York-based firm has acquired two Atlanta multifamily properties, formerly owned by Fairfield Residential, out of foreclosure. Fairfield filed for Chapter 11 bankruptcy protection in 2009.
- GGP exits Chapter 11, eyes $2.2bn equity raise
After a $6.8bn recapitalisation involving Brookfield, Pershing Square, Fairholme, Blackstone and Texas Teachers, GGP will relist on the New York Stock Exchange with plans to sell up to 155m new shares.
- PERE Forum: Brookfield to return to traditional fund model
Brookfield Asset Management CEO Bruce Flatt told delegates at the PERE Forum: Europe in London that the Toronto-based company would likely follow up its $5.5bn investment club with a return to traditional fundraising.
- PERE Forum: Europe review in pictures
More than 300 delegates attended the PERE Forum: Europe 2010 conference in London last month, among them Brookfield's Bruce Flatt, GIC Real Estate's Bernard Phang and The Wellcome Trust's Peter Pereira Gray.
- Bridging the Gulf
Bahrain-based Capivest has partnered with Kuwait Investment Company and Kuwait Finance House to launch an Indian real estate fund.
- Going continental
Toronto-based Brookfield Asset management, a minority owner of London's Canary Wharf, is set to launch a European real estate fund.