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News Breaks
March 20, 2014
08:18 EDTBPY, BPOBrookfield Property says Offerors have taken up 203.6M shares of BPO
Brookfield Property Partners (BPY) and its indirect subsidiaries Brookfield Office Properties Exchange and Brookfield Property Split Corp., collectively with Brookfield Property Partners, the "Offerors", announced that the Offerors have taken up 203,597,640 common shares of Brookfield Office Properties Inc. (BPO) pursuant to their offer to acquire the common shares of BPO for consideration per BPO common share of either 1 limited partnership unit of Brookfield Property Partners or $20.34 in cash, subject in each case to pro-ration based on a maximum number of BPY limited partnership units and maximum cash consideration equating to 67% and 33%, respectively, of the total number of BPO common shares subject to the Offer. Ric Clark, CEO of Brookfield Property Group stated, "Brookfield Property Partners received over 200M shares under its Offer and will take up and pay for those shares. Based on the tender results, BPY will be able to ensure a majority of the minority vote at a shareholders meeting."
News For BPY;BPO From The Last 14 Days
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September 25, 2014
08:45 EDTBPYBrookfield Property management to meet with Deutsche Bank
Meeting to be held in New York on September 25 hosted by Deutsche Bank.
September 24, 2014
07:12 EDTBPYHudsonís Bay signs lease with Brookfield Property
Hudsonís Bay announced that it has signed a lease with Brookfield Property to open a 85K square foot Saks Fifth Avenue store in Brookfield Place and a 55K square foot Saks OFF 5TH store at One Liberty Plaza in Lower Manhattan. In addition, HBC is leasing 400K square feet of office space, adjacent to the Saks Fifth Avenue store at Brookfield Place. This space will become the home office for the companyís New York City based corporate associates. The majority of the office moves will take place in mid to late 2016. The Saks Fifth Avenue store is slated to open in spring 2016 and the Saks OFF 5TH is anticipated to open in fall 2017.

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