Business NewsMarketWire • Brookfield Investments Corporation Announces Acquisition of Units of Brookfield Property Partners

Brookfield Investments Corporation Announces Acquisition of Units of Brookfield Property Partners

Brookfield Investments Corporation Announces Acquisition of Units of Brookfield Property Partners

TORONTO, ONTARIO--(Marketwired - April 12, 2013) - Brookfield Investments Corporation ("The Company") (TSX VENTURE:BRN.PR.A) announced the acquisition of a 10.6% economic interest in Brookfield Property Partners L.P. ("BPY"), a newly created company to be spun-off from Brookfield Asset Management Inc. ("Brookfield") on April 15, 2013. As consideration for the transaction, the Company sold its 11% common share interest in Brookfield Office Properties Inc. (TSX:BPO)(NYSE:BPO), as well as the Company's portfolio of preferred shares of Brookfield Office Properties.

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