Brookfield in talks to acquire China Life's 40% stake in London office tower
Tuesday, November 10, 2026 · first reported by Private Equity Wire
Brookfield Corporation is in discussions to take China Life Insurance's 40% holding in 99 Bishopsgate, a City of London office tower, the Financial Times reports. China Life, an owner since 2015, would exchange its equity for debt, which would make Brookfield the majority owner. Brookfield has 20% today, and Victor Dahdaleh holds the remainder.
At end-2025 the property carried a value of £280m. Planning permission obtained by Brookfield last year covers demolition and a 54-storey skyscraper, with demolition expected from 2027. China Life would contribute no new capital to the works.
- Also named
- China Life Insurance
- Deal value
- $350M
- Asset class
- Real estate
- Geography
- Europe
The summary and fields above are extracted from the published reports and can contain errors. The linked articles are the source of record.
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