Brookfield To Invest Up To $750M In Chinese RE Portfolio

Law360, Washington (October 31, 2013, 2:19 PM EDT) -- A real estate investment unit of Brookfield Asset Management Inc. has agreed to invest up to $750 million in a subsidiary of China-focused Hong Kong developer Shui On Land Ltd. in exchange for a minority stake in the subsidiary, the companies announced Thursday.

Under the terms of the deal, which is expected to close in the first quarter of 2014, Brookfield Property Partners LP — a Bermudan subsidiary of the Canadian alternative investment firm, spun off from its parent in April — and unspecified institutional partners...
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