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Non-Tech : Brookfield Asset Management

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Dec 26 9:30 AM EST

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From: JakeStraw	1/23/2015 9:03:14 AM
	of 75

Brookfield to Establish Global Facilities Management Business finance.yahoo.com With the termination of its joint venture agreements with Johnson Controls, Brookfield will immediately launch its facilities management businesses in scale in the United States and Europe, building on client relationships across its 340 million square feet property portfolio. "As the largest property owner in the United States, expansion to the U.S. was always natural, but not feasible under our previous agreements," stated Cyrus Madon, CEO of Brookfield Capital Partners. Brookfield, one of the world's leading commercial property owners, will offer facilities management services to tenants around the globe. In addition to its real estate relationships, Brookfield is one of the world's largest servicing organizations for executive relocations to Fortune 500 companies and intends to align this service offering for its customers. As one of the largest global owners and operators of infrastructure assets, Brookfield will also launch infrastructure related facilities management services. "The consolidation of our Canadian and Australian businesses is a first step toward our goal of creating a global, industry leader in facilities management. We look forward to providing best-in-class service to our clients," said Madon.

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