Brookfield denies cutting Soilbuild out of Mapletree deal
The Business Times reports that Soilbuild alleges Brookfield wrongfully used its confidential information to pursue the acquisition alone.
TLDR
The Business Times reports that Soilbuild alleges Brookfield breached an agreement over a property deal the companies were allegedly meant to pursue as a joint venture. Soilbuild also alleges Brookfield wrongfully used its confidential information and know-how. The dispute concerns Brookfield’s 2025 purchase of three Singapore properties from Mapletree Industrial Trust for S$535.3 million. Brookfield denies cutting Soilbuild out and says it bid in its own name.
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