Brookfield Asset Management related stories
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Brookfield consolidates European platformThe asset manager has sold its interest in Canary Wharf to its new European operation, Brookfield Europe, in deal valued at £333.8m, as part of plans to create single platform. The move is part of Brookfield's efforts to refinance its debt on a longer-term basis.
- Brookfield closes in on A$4.3b acquisition of Multiplex
The Canadian firm plans to enter the Australian market with an acquisition of Multiplex, an office, retail and industrial property owner.
- Not a club for all
Club-style vehicles have won plaudits for attracting otherwise unsure investors. But will sellers be impressed? By Jonathan Brasse
- Zell launches distressed opportunity fund
The veteran real estate investor has reportedly launched a $625m credit fund to target distressed real estate securities. The vehicle, Zell Credit Opportunity Fund, has raised $125m to date, according to regulatory filings.
- Brookfield expands investment consortium to $5bn
Having already corralled $4 billion of equity commitments for a global opportunity investing consortium, the Toronto-based firm has swollen its kitty by a further $1bn as two more investors sign up.
- Brookfield beefs up fundraising team
Canadian asset manager Brookfield, which last week announced the formation of a $4bn real estate investor club, says it has enhanced its capital raising team by hiring fundraising exectuives including three former Bear Stearns professionals.
- Brookfield's blockbuster
In the middle of a real estate depression, how did Brookfield, led by CEO Bruce Flatt, manage to attract $4bn in commitments to an opportunistic strategy? Jonathan Brasse explains
- Brookfield takes $4bn global ‘next step’
Brookfield Asset Management, the Toronto-based real estate and infrastructure investment firm has formed a $4 billion investment consortium aimed at investing in underperforming real estate worldwide.
- Brookfield takes on former Bear Stearns placement agent
Leo van den Thillart, a former global co-head of private funds group at Bear Stearns, has joined Canadian firm Brookfield Asset Management to help with international equity raising and client services.
- Brookfield sells Boston skyscraper for $610m
The New York and Toronto-based office property developer and owner has sold the 1.1 million 53 State Street office tower in Boston to Swiss bank, UBS.