Brookfield eyes further Singapore acquisitions after investing close to S$900 million
It is targeting value-add opportunities to generate higher returns through repositioning and active asset management
Add BT as a preferred source
[SINGAPORE] Brookfield Asset Management plans to deepen its Singapore real estate push after investing close to S$900 million over the past year, betting on the city-state’s favourable supply-demand fundamentals and long-term economic growth.
The North American asset manager is targeting value-add opportunities to generate higher returns through repositioning and active asset management. Singapore is expected to contribute meaningfully to its regional growth ambitions.
“Singapore is a critical hub for Brookfield’s regional real estate business, combining strong fundamentals, policy stability, deep capital markets and a strategic location,” said Andrew Burych, managing partner and head of East Asia for Brookfield’s real estate group, in an interview with The Business Times.
TRENDING NOW
Deal brewing for portfolio of 50 conservation shophouses at about S$500 million
Family offices cheer MAS’ lifting of precious metals cap, but do not expect a gold rush
Shipbuilder Penguin International wins first prime contract with Singapore Navy
New Woodlands Gateway industrial hub takes shape as RTS Link nears completion
