Brookfield Sees Big Opportunity In Oil Slump
In its quest to be the next Blackstone, Brookfield is looking to scoop up buildings in North American cities hit hard by the oil slump.
Energy companies struggling from the 75% drop in oil prices since 2014 could be gearing up to drop office properties—and Brookfield is ready to swoop in, Bloomberg reports.
This means the firm could be heading home after nearly a decade without any new Canadian investments, as energy-dependent cities like Alberta become prime targets for the fund. [Bloomberg]