December 12, 2007
Brookfield Asset Management’s retail property fund Brascan Brazil Real Esta
Brookfield Asset Management’s retail property fund Brascan Brazil Real Estate Partners has agreed to acquire a portfolio of Brazilian shopping centers from Malzoni Investment Group for BRL1.7bn. The portfolio includes four Sao Paulo properties and one Rio de Janeiro property, leaving Brascan Brazil with a total portfolio of 2.5m square feet. Brascan Brazil also appointed Paulo Malzoni Filho as president of its BASA property manager, as well as COO and director of retail asset management.