Brookfield Near Deal to Sell London’s CityPoint Office Tower

Brookfield Corp. is in exclusive negotiations to sell London’s CityPoint tower for roughly the value of the outstanding debt secured against it, a deal that would signal new confidence in London’s office market.

London-based private equity firm Castleforge is in talks to acquire the 36-story building for about £455 million ($625 million), according to people with knowledge of the matter, who asked not to be identified as the negotiations are private.