Canada's Brookfield exploring takeover of Germany's Alstria Office - Bloomberg News

Alstria Office REIT AG

21/07/2021 16:42

July 21 (Reuters) - Canadian investment firm Brookfield
Asset Management  BAMa.TO  is exploring a takeover of German
real estate company Alstria Office REIT AG  AOXG.DE , Bloomberg
News reported https://www.bloomberg.com/news/articles/2021-07-21/brookfield-said-to-explore-purchase-of-germany-s-alstria-office?sref=V7uxlNge
 on Wednesday, citing people familiar with the matter.
    Shares in the German firm rose as much as 10.6% on the news.
    Brookfield is working with advisers to evaluate a potential
offer for Alstria, according to the report.
    Alstria owns about 120 office properties in major cities
including Hamburg, Frankfurt and Berlin, which are seeing
workers return as Germany has eased its COVID-19 lockdown
measures. 
    The company has a market value of about $3.56 billion, with
Brookfield having an 8.35% stake as of June 25. 
    Brookfield declined to comment, while Alstria was not
immediately available for comment.
    Last month, Brookfield had agreed to buy UK-based
infrastructure services company Modulaire Group for $5 billion.
(https://reut.rs/2UzA7xd)

 (Reporting by Ankit Ajmera in Bengaluru; Editing by
Ramakrishnan M.)
 ((Ankit.Ajmera@thomsonreuters.com;))