07:10 AM EST, 01/27/2025 (MT Newswires) -- Brookfield Asset Management ( BAM ) has finalized two real-estate investments in Japan worth $1.6 billion, multiple media outlets reported Monday, citing the investment firm.

The deals include a stake in the Gajoen complex in Meguro, Tokyo, and a 1-million-square-foot plot near Nagoya for logistics development. Both transactions closed at the end of 2024.

Bloomberg reported that Brookfield will manage the Gajoen property, which features a hotel, banquet halls, restaurants, and two office towers. The Gajoen complex is owned by the Chinese sovereign wealth fund China Investment Corp and LaSalle Investment Management.

Brookfield's global opportunistic strategy funded the Nagoya land purchase, while the Gajoen acquisition was made through Brookfield's balance sheet.

Brookfield did not immediately respond to requests for comment from MT Newswires.