China Investment Corp., Malaysia’s KLCC Property Holdings Bhd. and Saudi Arabia’s Hassana are among potential bidders for a stake in an office tower in the heart of Dubai’s financial district, according to people with knowledge of the matter.
Its owners, Brookfield Asset Management and state-owned Investment Corp. of Dubai, may sell a stake of as much as 49% in ICD Brookfield Place, whose tenants include JPMorgan Chase & Co. and Bank of America Corp. the people said, asking not to be identified because the talks are private.
The joint venture has received interest from more than a dozen entities globally, including sovereign wealth and pension funds, the people said. At least one candidate showed interested in buying the whole tower, two of the people said.
The companies are working with Emirates NBD Capital and JPMorgan on the sale, Bloomberg has previously reported.
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