Brookfield denies accusation it cut Soilbuild out of Mapletree deal
US asset management giant claims it acted in its own name in bidding for Mapletree properties
[SINGAPORE] Brookfield Asset Management is fighting allegations that it breached an agreement with Lim Chap Huat’s Soilbuild Group, after the Singapore billionaire accused the US investment giant of usurping a real estate deal they were allegedly meant to pursue as a joint venture (JV).
Soilbuild also alleges that confidential information and know-how that it provided was wrongfully used by Brookfield in pursuing the acquisition on its own.
The dispute relates to Brookfield’s 2025 acquisition of three Singapore properties from Mapletree Industrial Trust for S$535.3 million.
TRENDING NOW
Grab CEO’s wife Chloe Tong on life with Anthony Tan and finding her purpose
8 public officers referred to police over property buys near unannounced MRT stations: Chan Chun Sing
DBS tops trades in smaller board lots on debut of revised SGX framework
Deal between tycoon friends sparks scrutiny of Philippine power sector
