May 23, 2018 |
Brookfield Asset Management has agreed to buy a property portfolio from BTG Pactual's real estate investment fund for BRL1.3bn ($398m), according to documents from the Brazilian financial services company.
The Canadian investor picks up the following assets from BTG:- 100% of Edificio Torre Almirante- 100% of Edificio Flamengo- 100% of Edificio Morumbi- 75% of Edificio Brazilian Financial Center and- 51% of Edificio Eldorado Business Tower
Average vacancy across these buildings was 31.3% at th
Canadian investor pays roughly $398m for assets from the Brazilian real estate investment fund