Brookfield reportedly in talks to acquire a stake in Hudson Yards assets, betting on office market recovery

格隆汇 July 13｜According to The Wall Street Journal, Brookfield Asset Management is in talks for an exclusive acquisition of part of the equity in Hudson Yards assets, with the deal valuing this portfolio of Manhattan office buildings at about 3.5 billion USD. This move highlights growing investor confidence in the US office market. According to sources familiar with the matter, under the proposed transaction, Brookfield will acquire a 10% stake in the asset portfolio and become its long-term operating partner; the portfolio includes 13 buildings with a total area of 6.2 million square feet. The deal is expected to be completed in the coming months.