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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.

The Business TimesTB
1 Source, 1h ago, first seen 1h ago

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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The Business Times@BusinessTimesBrookfield denies accusation it cut Soilbuild out of Mapletree deal https://buff.ly/5ZVWuNC1h
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    The Business Times@BusinessTimesBrookfield denies accusation it cut Soilbuild out of Mapletree deal https://buff.ly/5ZVWuNC1h
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