BEIJING, Sept. 30, 2020 /PRNewswire/ — A news report by China Daily Global on global brands in Shanghai:
Impressed by the ideal business environment and support from local governments, multinational companies have showed their confidence in future development in Shanghai.
“Having been in Huangpu district for more than five years, we have been deeply impressed by the level of support offered by Huangpu district, as well as the city of Shanghai,” said Stuart Mercier, managing director and head of China at Brookfield Asset Management. “Shanghai is a truly global city and Huangpu district is an attractive gateway to the broader Chinese market with its abundant pool of talent and riverside environment.”
According to Mercier, Brookfield Asset Management registered its Chinese headquarters in the Xintiandi area of Huangpu district in 2015. Since then, Brookfield China has grown from a small office of five people to more than 300 people across various operational subsidiaries.
At present, Brookfield’s investments in Shanghai include a mixed-use headquarters project, named One East, along with additional retail properties and logistics parks.
The One East complex, acquired by Brookfield in 2019, will be a new landmark in the district when it opens later this year, said Mercier.
Brookfield plans to attract high-quality office and retail tenants to the complex including several new-to-market brands that are partners of Brookfield’s elsewhere in the world.
Brookfield currently manages more than $500 billion globally across its core sectors of real estate, renewable energy, infrastructure, private equity and credit.
“Brookfield is keen to expand across all of its businesses in China and is constantly looking at opportunities to put its operating expertise and capital to work,” he said.