Bramalea City Centre, a 1.2 million-sf shopping center inToronto, has been sold to institutional investors for anundisclosed sum. Together with two recently sold Vancouver-areaproperties--Westoaks Mall, a 286,000-sf community shopping centerand Sevenoaks, a 556,000-sf regional shopping center--the Bramaleasale completes Brookfield's strategy of divesting its retailportfolio.

"This transaction substantially completes the Company's retaildisposition plans," says David Arthur, President and CEO ofBrookfield's Canadian Operations. "The total capital Brookfield hasraised from property sales and long-term refinancings this yearexceeds US$1 billion. This capital is being re-deployed in highergrowth opportunities and in the repurchase of common equityinterests."

The Brookfield portfolio includes 55 commercial properties anddevelopment sites totaling 45 million square feet. It is the ownerof Downtown office buildings One Liberty Plaza and One WorldFinancial Center, two buildings located adjacent to the World TradeCenter site that are scheduled to re-open on October 22 andNovember 19, respectively.

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