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The Deal: Canada's Brookfield Pays $1.1B for Industrial REIT

Brookfield Property also bought British logistics warehouse developer Gazeley from Dubai World subsidiary Dubai Economic Zones World for an undisclosed sum in June.

Tokyo-based Kajima operates in multiple business segments, such as construction, civil engineering, and construction retail, real estate management and leasing.

Brookfield Property Partners trades on both the New York and Toronto Stock Exchanges and has a market capitalization of C$1.6 billion ($1.5 billion). Shares were up .05% to C$21.10 on the Toronto Stock Exchange Wednesday afternoon.

Kajima has a market capitalization of 378.1 billion Yen ($3.9 billion). Shares closed down 2.6% to 364 Yen Tuesday.

Philip Rosen, Shayla Harlev, David Laibstain, Kyle Junik, Gabriel Gershowitz and Andrea Bidegaray at Weil, Gotshal & Manges were lead counsel to Brookfield Property.

Written by Thomas Zadvydas.

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