Brookfield deepens French presence with new Paris base

Brookfield Asset Management has opened a new office hub in Paris as it deepens its presence in the French market.

The asset manager has been actively investing in France since 2015, but the new office will allow it to expand its local partnerships and grow its business in the country.

Brookfield said it is particularly interested in AI and other digital infrastructure, renewable energy, residential decarbonisation, student and young professional living, hospitality, and logistics.

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“At Brookfield we see significant long-term potential to invest in sectors critical to the French economy, including renewables, cellular towers, data centres and real estate,” said Sikander Rashid, head of Europe at Brookfield.

“By deepening our presence here, we are demonstrating the high conviction we hold in the long-term opportunity ahead for Brookfield in France.”

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Brookfield’s existing portfolio in France includes a European hyperscale data centre operator; the French operations of a residential decarbonisation business; a vertically integrated logistics manager; a developer and manager of residential properties for students and young professionals; a partnership with a boutique hospitality business; and an independent French tower operator with more than 7,000 communication towers.

Earlier this year, Brookfield announced plans to acquire a 53 per cent stake in Neoen, a Paris-based renewable energy specialist. This transaction is expected to close before the end of the year, with a tender offer for the remaining shares and convertible bonds to be launched early in 2025.   

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