Canada’s Brookfield Asset Management, one of the world’s largest alternative investment managers, has set its eyes on residential properties in China’s Tier-I cities, even as many investors stay clear of the country’s beleaguered realty sector.
Brookfield believes there are opportunities to lap up assets from distressed developers who are scrambling to raise cash, Stuart Mercier, managing partner and head of Asia at the firm told DealStreetAsia in an interview.