The Investor
01 Oct 2025, 19:37
Brookfield Corporation has completed a $1.25 billion refinancing of Five Manhattan West, a 1.7 million-square-foot office tower within its Manhattan West development. The five-year loan, carrying a 6.0% fixed rate, was secured through a syndicate including Citigroup, Deutsche Bank, Societe Generale, Bank of Montreal, and JP Morgan Chase. So far in 2025, Brookfield has executed more than $28 billion in financings across its global real estate portfolio.
The building, redeveloped in 2017 at a cost of $350 million, is fully leased to major tenants such as JP Morgan Chase, Amazon, Peloton, and Whole Foods. Brian Kingston, Executive Chair of Brookfield Real Estate, described the refinancing as a strong vote of confidence in both the property and the Manhattan West campus, which features three office towers, residential and hotel properties, retail, dining, and a large public plaza.
The building, redeveloped in 2017 at a cost of $350 million, is fully leased to major tenants such as JP Morgan Chase, Amazon, Peloton, and Whole Foods. Brian Kingston, Executive Chair of Brookfield Real Estate, described the refinancing as a strong vote of confidence in both the property and the Manhattan West campus, which features three office towers, residential and hotel properties, retail, dining, and a large public plaza.
