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Industry News

Brookfield Sells Faria Lima Share

31 May 2010

(Globo) May 31, 2010 – Brookfield accepted an offer from Maragogipe Investimentos e Participações Ltda, part of the Victor Malzoni Group to buy a 70% stake in the Triple A Faria Lima commercial building. Maragogipe offered  R$ 600 million (apprx. USD$326 million) for the property, and was one of four finalists considered for the sale.

Construction is estimated to be completed in October 2011.

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