“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
Brookfield Properties expands beyond North America
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: