Brookfield Adds to Dubai Property Portfolio With Warehouse Deal [Financial Post (Toronto, Ontario, Canada)]
Brookfield Corporation Class A Limited Voting Shares (BN)
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Brookfield Asset Management bought a controlling stake in a Dubai-based firm's real estate unit, securing a slice of prime warehousing space in one of the world's hottest commercial property markets. The Canadian asset manager is buying into Gulf Islamic Investments LLC's realty platform that owns about 1.5 million square feet of warehouse space in the United Arab Emirates, people familiar with the matter said. Article content Article content For Brookfield, the deal marks its first foray into the Middle East logistics space. The GII unit controls warehouses in Jebel Ali Free Zone and National Industries Park that are already leased out to tenants, the people said, asking not to be identified as the talks are private. Representatives for Brookfield and GII declined to comment. GII manages about $4.5 billion in assets across India, the US, and
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- Brookfield Co. (NYSE: BN) had its price target lowered by analysts at Scotiabank from $50.00 to $49.50. They now have a "sector outperform" rating on the stock.MarketBeat
BN
Earnings
- 5/9/24 - Miss
BN
Sec Filings
- 5/15/24 - Form 13F-HR
- 5/14/24 - Form 6-K
- 5/13/24 - Form 6-K
- BN's page on the SEC website