March 31, 2010
Brookfield Properties purchased its first major international interest.
So who’s the lucky property?
A 2-acre property in Central London near Liverpool Station that will be transformed into a 40-storey building with office, retail and library space.
Brookfield purchased a 50% interest in the property by investing $66-million cash.
Neil Downey, an RBC analyst, noticed the transaction and stated that:
“BPO will act as development manager to the partnership and has also entered a pre-construction services agreement to act as the main contractor for the development” The Globe and Mail