Brookfield eyes further Singapore acquisitions after investing close to S$900 million

[SINGAPORE] Brookfield Asset Management plans to deepen its Singapore real estate push after investing close to S$900 million over the past year, betting on the city-state’s favourable supply-demand fundamentals and long-term economic growth.

The North American asset manager is targeting value-add opportunities to generate higher returns through repositioning and active asset management. Singapore is expected to contribute meaningfully to its regional growth ambitions.

“Singapore is a critical hub for Brookfield’s regional real estate business, combining strong fundamentals, policy stability, deep capital markets and a strategic location,” said Andrew Burych, managing partner and head of East Asia for Brookfield’s real estate group, in an interview with The Business Times.