Toronto-based landlord Brookfield plans a €1.65bn (£1.4bn) spending drive in Europe with the UK among its targets.
Brookfield, the largest owner of offices in North America, has €175m of assets under management and wants to buy offices, warehouses and shops over the next few years. The news came just one day after it bought Gazeley from Dubai World. Brookfield plans to triple Gazeley’s size to give it assets under management of £1bn during the next five years by buying new warehouses and bolting on smaller companies.
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