Brookfield Asset Management announced the opening of a new office hub in Paris, signaling a deeper commitment to growing its investments in France. The company has been actively investing in the country since 2015, with a portfolio spanning AI and other digital infrastructure, renewable energy, residential decarbonization, and real estate.
Earlier this year, Brookfield announced its intention to acquire a 53% stake in Neoen, a global leader in renewable energy development headquartered in Paris. This transaction, valued at an equity value of €6.1 billion for 100% of the shares, is expected to close in 2024, with a tender offer for remaining shares anticipated in early 2025.
Brookfield's existing portfolio in France includes Data4, a hyperscale data center operator; HomesServe, a residential decarbonization business; and TDF, an independent French tower operator with over 7,000 communication towers. This strategic expansion reinforces Brookfield's focus on critical sectors of the French economy and its broader European investment strategy.
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