Brookfield Sells Bramalea City Centre

Brookfield Properties Corporation completed the sale of Bramalea City Centre (a 1.1 million square-foot regional shopping centre in Brampton, Ontario) to Morguard Investments Limited (acting on behalf of Acktion Capital and several Canadian pension funds) for $180 million. The sale closed on October 10, 2001.

McCarthy Tétrault LLP acted for Morguard, with a team that included Danny Grandilli, Susan Spence and Gina Putman (real estate). Torys LLP acted for Brookfield, with a team that included Simon Knowling, Conrad Sheppard, Corrado Cardarelli, Robert Mansell and Tim Rorabeck.