Brookfield Asset Management has opened a new office hub in Paris to strengthen its presence in the French market.

The company, which has been investing in France since 2015, employs more than 7,000 people across its operations in the country. Its diverse portfolio includes investments in artificial intelligence and digital infrastructure, renewable energy, residential decarbonization, student and young professional housing, hospitality, and logistics.

“At Brookfield, we see significant long-term potential to invest in sectors critical to the French economy, including renewables, cellular towers, data centres, and real estate,” said Sikander Rashid, the company’s head of Europe. “By deepening our presence here, we are demonstrating the high conviction we hold in the long-term opportunity ahead for Brookfield in France.”

Brookfield has accelerated its activity in France over the past five years through significant transactions and acquisitions. Earlier this year, the company announced plans to acquire a 53% stake in Neoen, a global renewable energy development leader based in Paris. The deal, which values Neoen’s equity at €6.1 billion, is expected to close by year-end 2024, with a tender offer for the remaining shares and convertible bonds anticipated in early 2025.

Brookfield’s French portfolio includes Data4, a leading hyperscale data centre operator; Homeserve’s French residential decarbonization operations; Castignac, a logistics management firm; UXCO Group, which develops and manages housing for students and young professionals; Experimental Group, a boutique hospitality operator; and TDF, a tower operator with approximately 7,000 communication towers.

Brookfield has been investing in Europe since 2003 and now manages approximately €180 billion in assets across the region. While London remains its primary investment hub in Europe, it is supported by regional offices in Madrid, Frankfurt, and Paris.

The new Paris office marks another milestone in Brookfield’s commitment to expanding its European operations and bolstering investments in critical sectors in France.

Brookfield ranks among Canada’s largest institutional commercial real estate investors while also investing in a number of other sectors. It has more than $1 trillion in assets under management globally.

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