Brookfield completes $1.25B refi of Five Manhattan West

Executive Summary

• Brookfield Corp. completed a $1.25 billion, five‑year, 6.0% fixed‑rate refinancing of the Five Manhattan West office tower.
• The loan was syndicated by Citigroup, Deutsche Bank, Société Générale, Bank of Montreal and JPMorgan Chase.
• The transaction adds to Brookfield’s year‑to‑date financing activity of more than $28 billion across its global real estate portfolio.

Key Details

• Financing amount: $1.25 billion.
• Term & rate: Five‑year loan with a fixed interest rate of 6.0% per annum.
• Lenders: Syndicate comprising Citigroup, Deutsche Bank, Société Générale, Bank of Montreal and JPMorgan Chase.
• Asset financed: Five Manhattan West, a 1.7 million‑square‑foot office tower within the Manhattan West development.
• Previous redevelopment: $350 million renovation completed in 2017 that added a glass curtainwall façade, upgraded lobby, mechanical systems and amenities.
• Occupancy: Fully leased to tenants such as JPMorgan Chase, Amazon, Peloton and Whole Foods across financial services, technology, media and retail sectors.
• Brookfield’s broader financing activity: Over $28 billion of financing executed year‑to‑date; $15 billion in realizations to date.

Notable Quotes

“Five Manhattan West's refinancing is a clear vote of confidence in both the asset and the vision behind the Manhattan West campus,” said Brian Kingston, executive chair of Brookfield’s real estate business.
“It also builds upon the very strong year we’ve had across our global real‑estate business — completing more than $28 billion in financings and $15 billion in realizations to date — demonstrating our ability to deliver value throughout market cycles.”