The Canadian asset manager has held discussions on a potential initial public offering of a property trust that could raise more than $1 billion, said the people, who asked not to be identified as the discussions are private. Brookfield
is considering including about 15 million square feet to 20 million square feet (1.9 million square meters) of real estate, one of the people said.
owns 22 million square feet of office properties in India, according to its website. Deliberations are at an early stage, and Brookfield could still decide against pursuing the transaction, the people said. A representative for Brookfield declined to comment.