Brookfield returns to its roots, turns focus to Canadian investments [Toronto Globe and Mail (Ontario, Canada)]
Brookfield Property Partners LP (BPY)
US:NYSE Investor Relations:
bpy.brookfield.com/en
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Source: Toronto Globe and Mail
Brookfield returns to its roots, turns focus to Canadian investments Brookfield Property Partners LP is putting renewed focus on its roots in Canada after spending years building a huge portfolio of foreign real estate holdings, saying it is now seeking investments in Canadian hotels, apartments, offices and large-scale development projects. The Toronto-based company has appointed Ashley Lawrence to lead that effort, which will see Brookfield join a crowded field of deep-pocketed investors all chasing similar assets in the country’s booming regions of Toronto, Vancouver, Montreal and Ottawa. “My mandate was to grow and to expand, especially in sectors that we are not in," said Mr. Lawrence, a 43-year-old Canadian who returned to Toronto in June, 218, to fill a new position as regional head of Canada after managing Brookfield’s retail property division in New York for two years. Story continues below advertisement “We have certain things we are looking for. Not every deal has them. In
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