INDUSTRY NEWS

Brookfield plan to make future London investments

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Real estate group Brookfield has revealed that it is looking to make more London property acquisitions in the future, according to an article published by the Financial Times.

The revelation comes after the Toronto-based firm completed the acquisition of Hammerson’s London office space – including 99 Bishopsgate and Leadenhall Court – and a development site located on the edge of the city, which has been granted planning permission for an office and residential tower.

Martin Jepson, of Brookfield, said of the company’s future plans to invest in London property: “We still retain an appetite (for acquisitions) post this. “We’ll look at opportunities as they arise.”

“London is a first port of call in Europe,” he added. “But the focus is very much on London.”

Hammerson, following the deal, still have a number of office interests in the capital; but it has stated that it is looking to sell assets worth £113 million during the next 18 months.

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