Asset manager Brookfield in talks to buy £600m London office tower: sources
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London
BROOKFIELD Asset Management Inc is in exclusive talks to acquire CityPoint Tower, a London office building less than a mile (1.6 km) from the Bank of England, according to two people with knowledge of the matter.
The 36-storey building will probably sell for less than £600 million (S$1 billion), the people said, asking not to be identified because the plan is private. The skyscraper's appraised value is £660 million, according to a June report sent to investors in commercial mortgage-backed securities linked to the property. Brookfield and KPMG LLP, the receiver appointed to manage the property, declined to comment.
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