Transaction|September 28, 2010
Brookfield Office Properties completes acquisition of Australia portfolio
On September 28, 2010, Brookfield Properties Corporation (Brookfield Office Properties) completed the acquisition of an interest in an Australian portfolio of premier office properties from Brookfield Asset Management Inc., as part of its strategic repositioning plan to transform itself into a global pure-play office property company. The portfolio is valued at A$3.8 billion and comprises 16 Australian office properties, which are 99% leased, in Sydney, Melbourne and Perth.
Brookfield Office Properties owns, develops and manages premier office properties in the United States, Canada and Australia. Its current portfolio consists of interests in more than 100 properties totalling more than 75 million square feet in the downtown cores of New York, Washington, D.C., Houston, Los Angeles, Toronto, Calgary, Ottawa, Sydney, Melbourne and Perth, making it the global leader in the ownership and management of office assets.
Brookfield Asset Management Inc. is focused on property, renewable power and infrastructure assets, with over $100 billion of assets under management.
Further information is found on Brookfield Office Properties' website.
Brookfield Office Properties owns, develops and manages premier office properties in the United States, Canada and Australia. Its current portfolio consists of interests in more than 100 properties totalling more than 75 million square feet in the downtown cores of New York, Washington, D.C., Houston, Los Angeles, Toronto, Calgary, Ottawa, Sydney, Melbourne and Perth, making it the global leader in the ownership and management of office assets.
Brookfield Asset Management Inc. is focused on property, renewable power and infrastructure assets, with over $100 billion of assets under management.
Further information is found on Brookfield Office Properties' website.