A team of Goodwin attorneys recently advised Brookfield Property Partners L.P. in its sale of a 49% interest in eight offices buildings in Washington, D.C. to AustralianSuper. Net proceeds from the transactions are valued at $349 million. Brookfield will retain leasing and management responsibilities for the properties, which include five assets in the East End. Additional financial terms were not disclosed.
Brookfield Property Partners is one of the world's largest commercial real estate companies. As an owner, operator and investor, the company’s diversified portfolio includes interests in over 100 premier office properties and over 150 best-in-class retail malls around the globe. Brookfield also hold interests in multifamily, industrial, hotel and triple net lease assets through Brookfield-managed private funds. The company is traded on the NYSE under ticker “BPY.”
AustralianSuper is one of Australia’s largest superannuation funds with over 2 million members and AUD $90 billion in assets under management. One in 10 working Australians is a member of the Fund.
The Goodwin team advising Brookfield was led by partner Sam Richardson and included Freddie Akrouche, Daniel Karelitz, Matthew Stayman and Matthew Giles.
To learn more, please read Brookfield’s press release.