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Oct 1, 2025 12:00 PM

Brookfield Completes $1.25 Billion Refinancing of Five Manhattan West

BROOKFIELD, NEWS, Oct. 01, 2025 (GLOBE NEWSWIRE) -- Brookfield Corporation (NYSE:BN, TSX: BN), (NYSE: BN, TSX:BN) today announced the completion of a $1.25 billion refinancing of Five Manhattan West, a 1.7 million-square-foot trophy office tower within its Manhattan West development. The five-year, 6.0% fixed-rate loan was provided by a syndicate of leading financial institutions, including Citigroup, Deutsche Bank, Societe Generale, Bank of Montreal, and JP Morgan Chase. Year-to-date, Brookfield has executed more than $28 billion of financing across its global real estate portfolio.

Five Manhattan West underwent a comprehensive $350 million redevelopment completed in 2017, which modernized the property with a new glass curtainwall façade, lobby, mechanical systems, and amenities. The building is fully leased to a diverse roster of global companies ...