Brookfield Asset Management Inc., one of the world’s biggest real estate investors, is seeing higher demand for office space as workers return to socially-distanced buildings.
“Today we’re leasing greater amounts of space to people than they had before,” Flatt said. “They want to accommodate their people and get them back quickly. They’re increasing their footprints versus taking less.” Infrastructure BoomBrookfield is well-positioned to weather the pandemic. Flatt last month said the company had US$46 billion in client commitments for new investments and US$15 billion in cash, other financial assets and long-dated credit facilities across its various businesses that remain largely undrawn.
The transaction shows “that corporates and governments are going to have and will continue to outsource major amounts of infrastructure spend around the world,” he said. The trend is starting now and will continue “for the next 25 years,” he said.
Too bad. Thought businesses would embrace more remote work.. you know, to create a better balance between home and work. Help against ClimateChange ... lessen traffic congestion... pollution...
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