This transaction is expected to be completed in the third quarter of 2010 following the receipt of third party consents and approvals.Brookfield Properties will fund the transaction from available liquidity of US$1.3 billion and from a US$750 million subordinate bridge acquisition facility from Brookfield Asset Management, which will be repaid from the completion of some or all of the following: asset sales, including a sell down of Brookfield Properties’ equity interest in its publicly-listed company Brookfield Office Properties Canada (TSX: BOX.UN), or other financing or capital activities.
Brookfield Properties Announces Plan To Become A Pure-Play Office Company
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