Brookfield Asset Management announces $1.6 billion in new projects

Canadian investment company Brookfield Asset Management is planning a significant expansion of its investments in the Japanese real estate market. Following the acquisition of a stake in Tokyo's prestigious Gajoen hotel complex and the purchase of a large plot of land near Nagoya for the construction of a logistics centre, the firm has confirmed that it intends to make a long-term commitment to Japan.

Brookfield Asset Management $BAM has bought a stake in the well-known Gajoen mixed-use complex in Tokyo, which includes a luxury hotel, historic Japanese gardens, office space and cultural sites. The complex, originally owned by China Investment Corp (CIC) and LaSalle Investment Management, is one of Tokyo's major architectural landmarks. Gajoen is a popular wedding venue due to its historic "hundred step" corridor and unique artistic interior. In addition, Brookfield plans to invest in renovating the public areas of the hotel and offices to enhance the attractiveness of the venue.

The…