Skip Links

Sectors

Office

We own, develop and manage 250 office properties totaling approximately 128 million square feet in key gateway cities in the U.S., Europe, Canada, Australia, Brazil and India. This global presence makes us the landlord of choice for many multinational tenants with whom we have developed deep and long-term relationships. This gives us a competitive advantage as we are able to leverage key relationships across geographies and business lines. Our premier office portfolio includes landmark assets such as Brookfield Places in New York, Toronto and Perth, Canary Wharf in London, Potsdamer Platz in Berlin and Darling Park in Sydney.

  • Brookfield Place New York, U.S.

    In 2011 we undertook a major redevelopment of the property formerly known as the World Financial Center, which we originally acquired in 1996. Renamed Brookfield Place New York, the complex has been transformed into a vibrant multipurpose destination that attracts tourists and locals alike. Once home to primarily financial services related tenants, the 8 million square foot property now has a diverse tenant base, luxury retailers and restaurants, and is fully occupied. BPNY’s transformation into a vibrant live-work-play destination has been a significant contributor to the revitalization of Lower Manhattan.

    Website
  • Potsdamer Platz, Germany
    In 2015 we acquired Potsdamer Platz, an iconic mixed-use complex in the center of historic Berlin. At acquisition, occupancy had fallen to 79%, creating an opportunity to leverage our global tenant relationships and asset management capabilities. We are investing €100 million to renovate and reposition the 3 million square foot estate as an attractive location for office, retail and residential tenants.
    Website
  • China Xintiandi, China
    China Xintiandi (CXTD) is a 4 million square foot, mixed-use complex in Shanghai’s central business district and Hongqiao transportation hub. CXTD’s owner partnered with us in 2014 to complete development of several properties within the complex and leverage our expertise in leasing the buildings. Two towers were sold in 2015 and 2016, earning returns that exceeded expectations.
  • India Office Parks, India
    In 2014 we acquired India Office Parks, a 10-million-square-foot, Class A office portfolio within India’s Special Economic Zones ("SEZ"), as well as a partially constructed, 6 million square foot development portfolio. We restarted construction and leveraged our global tenant relationships to lease the buildings. As India’s office market matures, we see opportunities to expand the platform.
  • Canadian Office Fund, Canada

    In 2005 we completed a $2 billion privatization of two of Olympia & York’s publicly traded entities, acquiring 11 million square feet of office properties to form our Canadian Office Fund. The acquisition increased our penetration in core markets and allowed us to enter other attractive cities. We have sold non-core assets and renovated core properties, subsequently leasing 9 million square feet and increasing rents.

  • Manhattan West, U.S.
    Manhattan West is a 7 million square foot, mixed-use development at the gateway of the Hudson Yards District, one of New York’s largest development projects. We began acquiring adjacent properties for Manhattan West over 20 years ago and now have five acres covering two city blocks. Manhattan West will include three office towers, 844 apartments and 200,000 square feet of retail space, and will serve as a vibrant extension of the Midtown business district. Website
  • Trizec Properties, U.S.
    In 2006 we led the $9 billion privatization of Trizec Properties, a NYSE-traded office REIT with assets in major U.S. cities. We believed that Trizec traded at a discount to the underlying value of its investments and that many of its properties were undermanaged. We sold non-core properties and leveraged our operating expertise and tenant relationships to drive income growth amid the global financial crisis.

Multifamily

We are one of the largest owners and managers of residential apartment properties in the United States with a portfolio of approximately 30,000 rental units in high growth markets throughout the country. Through our operating affiliate, Fairfield Residential, we offer a fully integrated national multifamily services platform providing development, construction, renovation, asset and property management, and acquisition and disposition services. In addition, we have an active development pipeline with over 14,000 units of development potential in New York and London.

  • Gingko Palmetto, U.S.
    In 2012 we acquired Gingko and Palmetto, two multifamily portfolios in the southeastern U.S. containing a combined 35 apartment communities and 8,900 units. We undertook an intensive renovation program and refinanced the properties on more favorable terms. Following completion of the capital improvement program, many of the properties have been sold at substantially higher valuations. 
  • Manhattan Multifamily, U.S.

    In 2014 we acquired a 4,000-unit portfolio in New York City located near strong urban growth catalysts such as Columbia University’s Manhattanville campus, the Second Avenue subway expansion and Cornell University’s tech campus in Roosevelt Island. Our capital projects – including extensive renovations, technology upgrades, and a modernization of the energy systems – have driven rental growth and lowered costs.

Retail

Our retail portfolio includes high-quality retail shopping centers located in the U.S., Europe, Brazil and Asia. Through our fully diluted 34% ownership of GGP, the second largest mall owner in the U.S., we hold an interest in 127 premier retail assets in the U.S. (approximately 121 million square feet), including Ala Moana Center (Honolulu), Tysons Galleria (Washington D.C.), Glendale Galleria (Los Angeles) and Water Tower Place (Chicago). We also own urban mixed use retail districts in New York, Shanghai, London and Berlin. Our malls are more than just places to shop; they serve as entertainment hot spots, offering movie theaters, restaurants, ice skating rinks and numerous family activities.

  • GGP, U.S.
    In 2008 we led the restructuring and recapitalization of GGP, guiding the company through its emergence from the largest bankruptcy in North American real estate history and serving as the cornerstone investor in its $30 billion restructuring. We continue to hold a significant interest in what is the second largest owner of shopping malls in the U.S., with 128 properties across 125 million square feet.
    Website
  • Rouse Properties, U.S.

    In 2012 as part of the restructuring of General Growth Properties (GGP), its non-core primarily class B retail malls were spun off to form Rouse Properties, a NYSE-traded REIT. In 2016 we privatized Rouse to take advantage of a discount in its trading price vs the underlying value of its assets. We plan to unlock value in Rouse’s 35-asset portfolio through redevelopments and strategic leasing.

    Website

Industrial

Our industrial portfolio comprises approximately 45 million square feet of high quality, well-located logistics properties in the U.S. and Europe. In addition, we are one of the largest industrial developers in the U.S. with a substantial development pipeline that gives us the potential to expand our existing distribution facilities, as well as develop new ones. Our commitment to developing high-quality, low energy consumption buildings, along with our expansive network of logistical warehouses has allowed us to build a global tenant base secured through long term lease structures.

IDI Gazeley, U.S. / U.K.
We built IDI Gazeley by combining three industrial real estate companies to create a leading owner, developer and operator of logistics warehouses and distribution facilities. With 60 million square feet of warehouse space, IDI Gazeley serves industrial and manufacturing firms globally and continues to grow its tenant relationships by developing build-to-suit logistics facilities.
Website

Hospitality

We own and manage full-service hotels and leisure-style hospitality assets in high-barrier-to-entry markets across North America and the U.K. We seek to acquire these assets at a significant discount to replacement cost and actively manage them, undertaking extensive capital improvements to turn around operational performance and drive cash-flow growth.

  • Center Parcs, U.K.
    In 2015 we acquired Center Parcs, an operator of five short-break holiday destinations in the U.K. It generates stable, predictable cash flows, and its business model is protected due to the scarcity of available sites and the large capital investment required to develop and operate them. Since acquisition, we have upgraded revenue management and technology systems, added lodges, and expanded into Ireland. 

    Website
  • The Diplomat Beach Resort, U.S.
    In 2014 we acquired The Diplomat Beach Resort Hollywood, Florida, located between Miami and Fort Lauderdale–one of the few beachfront hotels in the area with extensive conference facilities and land parcels available for development. We acquired the property from a distressed seller and have since begun both a full renovation and development of the land parcels.
  • Atlantis Paradise Island, Bahamas

    In 2006 we acquired an interest in the mortgage underlying the Atlantis, a 3,000-room beachfront resort with a convention center, casino, golf course, waterpark, and 65 acres of developable land. In 2011 we foreclosed on the property and took over full ownership, subsequently stabilizing its capital structure by refinancing its debt facilities. We also renovated the casino, guestrooms, and food and beverage offerings.

    Website

Other

We own and operate real estate assets across various other segments, including a student housing portfolio in the U.K. totaling 5,700 rooms; a U.S. portfolio of 135 manufactured housing communities; more than 300 properties across North America leased to automotive dealerships under triple net lease arrangements; and more than 100 U.S. self-storage properties. When investing in these segments, we adhere to the strategy used across our real estate portfolio, seeking to acquire high-quality assets and drive value by focusing on fundamentals such as leasing, financing, development, construction and facilities management.

  • Simply Self Storage, U.S.

    In 2016 we acquired Simply Self Storage, an owner and operator of self-storage assets throughout the U.S., at a discount to other recent transactions in the sector. Taking advantage of the fragmented nature of the self-storage market and low supply levels, we are growing the platform by expanding the geographic mix of the portfolio and developing new storage facilities.

    Website
  • Student Housing, U.K.

    In 2016 we acquired a portfolio of U.K. student housing properties and its management platform. The portfolio operates at or near full occupancy and is located near top-ranked universities with large student populations. In the U.K., universities are able to provide housing to only a fraction of their students. To take advantage of this demand, we are growing the portfolio through development and acquisition of smaller portfolios.