Dubai tower draws investor interest

PETALING JAYA: China Investment Corp, 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. — Bloomberg