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Brookfield cuts value of real estate holdings amid market swoon

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Brookfield Asset Management\u0027s real estate assets dropped about 5% in the first quarter as the value of some properties fell. Read on.

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The Brookfield group is one of the world’s largest owners of prime office properties, with a portfolio that includes New York’s Manhattan West and London’s Canary Wharf. Office landlords in major cities around the world are being squeezed by a combination of higher borrowing costs and lower occupancy, as many companies continue to allow employees to work from home at least part of the time.

 

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