Brookfield Completes $2 Billion Befimmo, Hibernia Refinancing

Brookfield Corp. has closed more than $2 billion of refinancing for a pair of European office companies it acquired last year.

For Belgian office REIT Befimmo SA, the Toronto-based private equity firm secured refinancing through a series of transactions, including a $1 billion syndicated bank loan, a $315 million development loan and a $241 million securitized commercial mortgage, people with knowledge of the matter said.

For Hibernia, an Irish office landlord and developer with a portfolio concentrated in central Dublin, Brookfield secured a new $450 million loan, the people said, asking not to be identified as the details ...