Qatar Investment Authority to make strategic investment in Brookfield Property Partners

Torys acted as counsel to Brookfield Property Partners with a team that included Karrin Powys-Lybbe, Mile Kurta, Jamie Becker, Shirin Mirsaeidi, Jason Zhou, and Robert Fatt (corporate/securities), Corrado Cardarelli, David Mattingly and Ari Feder (tax).

On December 4, 2014, Brookfield Property Partners L.P. (BPY) announced that its subsidiary Brookfield Property L.P. issued US$1.8 billion of exchangeable preferred equity securities to Qatar Investment Authority (QIA). As a result of the issuance, QIA will own an approximate 9% interest in BPY on an as-exchanged basis.

Brookfield Property Partners is a commercial real estate owner, operator and investor operating globally, with a diversified portfolio including interests in over 300 office and retail properties encompassing approximately 250 million square feet.

Qatar Investment Authority is a global investment institution and a preferred partner of choice for investors, financiers and other stakeholders.

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