Business
Workers will be lured back to the office, says Brookfield chief – The Australian Financial Review
The group is preparing to delist its property arm, amid frustration that the equity market does not recognise the value of its vast real estate portfolio.
The delisting would allow Brookfield to swap out public shareholders for private investors with a longer-term horizon.
We had the wrong structure in the marketplace, said Mr Flatt.
Brookfield has offered $16.50 per share in cash for the rest of the property arm it does not own, and expects to end up with about 90 per cent of the business, up from its current stake of 60 per cent. After that, it can set about restructuring the portfolio, out of the public eye.
Our intention is to take assets and…
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