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.
To read the article in Portuguese, please visit OGlobo.com
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