Brookfield Offers $5B For Remainder Of Office Property Unit

Law360, New York (September 30, 2013, 3:47 PM EDT) -- Bermuda-based Brookfield Property Partners intends to buy the remaining 49 percent share of Brookfield Office Properties for an estimated $5 billion in cash and stock, according to a statement released Monday by the company.

Brookfield currently owns 51 percent of commercial property development company BOP and, if successful in the purchase offer, would become one of the largest commercial real estate companies in the world, with 330 million square feet of rental space and assets valued at $45 billion, the company said.

The offer provides current...
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