Brookfield Prime Property Fund
(ASX:BPA) has struck a leasing deal with BHP Billiton Limited’s
(ASX:BHP) proposed spin-off South32.
The listed property trust says the conditional agreement is to lease space in its 50 per cent owned property at 108 St Georges Terrace, Perth.
South32 is a new company BHP plans to create through a demerger and the proposal is expected to be put to a shareholder vote in May 2015.
Brookfield says the lease is for 10.5 years starting from May and will be entered into if BHP’s board and shareholders proceed with the demerger.
Brookfield Prime Property Fund reported a net profit of $19.94 million in the 2014 financial year.
