Brookfield, one of the world’s largest property companies, is preparing to target Europe.
The US company has traditionally limited its activities in Europe to the London office market. It is now raising a $3.5bn (£2.3bn) real estate fund to expand in Europe and it is believed to be looking at Spanish companies as possible targets. Bruce Flatt, chief executive, tells the Financial Times’s View from the top column that London is one of the places in the world where people want to put capital. He says it has been a “safe store of value” for many centuries and people believe that will still be the cases. Brookfield is building two skyscrapers in the City and owns more than 20% Canary Wharf, in Docklands.
11/06/12 Financial Times 16, 22
