Property News · July 3, 2019

Canadian asset manager Brookfield looks past short-term row as it picks up US$1.5 billion Shanghai project, China’s second largest commercial property deal


Brookfield Asset Management, which traces its roots to a tram operator in Brazil at the turn of the 20th century, has its sights on the very long-term, a strategy that helped it seal the second-biggest commercial property acquisition in China by a foreign firm.The Toronto-based asset manager agreed in April to pay 10.57 billion yuan US$1.54 billion for the Huangpu Centre on the South Bund of Shanghai, with the plan to rename it One East when constructions are completed this year.“We are…

Source : South China Morning Post
Read more…Canadian asset manager Brookfield looks past short-term row as it picks up US.5 billion Shanghai project, China’s second largest commercial property deal

You may also like...