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Brookfield Is the Sole Bidder for CIC’s Tokyo Property

  • The Canadian firm emerges as the sole bidder for Meguro Gajoen
  • CIC bought the Japanese mixed-use property from Mori in 2015
Meguro Gajoen in Tokyo.
Meguro Gajoen in Tokyo.Photographer: Akio Kon/Bloomberg

Brookfield Asset Management Inc. has become the only bidder for a landmark property in Tokyo owned by China Investment Corp., according to people familiar with the matter.

The investment firm has been in talks with CIC on a potential purchase of Meguro Gajoen, an office and banquet hall complex in Meguro, said the people, who asked not to be identified as the information is private. A deal could value the property at about 180 billion yen ($1.2 billion), the people said.