| The property arm of Canada’s Brookfield Asset Management and a Qatar investment fund have boosted their bid for the British company that controls Canary Wharf in a final effort to take control of Europe’s largest office development.
At the same time, the Qatari Investment Authority (QIA) will pay $1.8-billion (U.S.) for preferred shares that will give it 9 per cent of Brookfield Property Partners, which is controlled by Toronto-listed Brookfield Asset Management Inc. The deal is designed to give Brookfield, with the Qataris at its side, enough financial firepower to fund the British takeover attempt and possibly others as the two powerhouses roam the planet for investments...............................................Full Article: Source
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