Brookfield has agreed another tie-up with its partner at Canary Wharf, Qatar Investment Authority, to enter a joint venture to own its 99 Bishopsgate tower, EC2.
China Life has also entered the deal and the trio will together own the building which is valued at £340m.
The 340,000 sq ft, 26-storey building became fully let in October last year to tenants including Deutsche Bank, i2 Business Centres and Latham & Watkins.
The three parties have close relationships having undertaken deals worth billions of pounds together in the past year.
Most notably Brookfield and QIA completed their £2.6bn acquisition of Songbird Estates in April, which allowed them to take total control of Canary Wharf Group. Furthermore, in June last year Canary Wharf Group sold 10 Upper Bank Street in a £795m deal to a partnership made up by China Life (70%), Qatar Holding, a QIA subsidiary, (20%) and Canary Wharf Group (10%).
GM Real Estate and Eastdil Secured acted for Brookfield.
