Canadian investor and developer Brookfield is looking to build a London office portfolio of 5m sq ft, adding to its holdings in the City and Canary Wharf.
Martin Jepson, who joined the company from Hammerson last August as senior vice-president of development and investment, said the business had a “significant” war chest, and saw London as an opportunity.
“Could we have four to five million square feet of office space? That would be an ambitious target that we would like to achieve, but we’re not going to achieve it overnight,” he said.
He added that the business, which has an 87m sq ft global platform, would also look at corporate opportunities.
As well as its UK expansion plans, the firm continues to build its global investment business.
Brookfield Asset Management is understood to be close to a first closing for its third real estate opportunity fund, which, although Brookfield declined to comment due to regulatory restrictions, is reportedly targeting $3bn.
bridget.oconnell@estatesgazette.com
