Invested in long-term value
We are one of the world’s largest alternative asset managers, focused on real estate, infrastructure, renewable power and private equity. In China we have US$4billion of assets under management.
About Brookfield in China
Established in 2014, Brookfield became a cornerstone investor in China Xintiandi, an owner of premier office and retail assets in Shanghai.
In 2017, we expanded our portfolio with the acquisition of Terraform Global and its wind and solar assets, totaling approximately 170 MW of generating capacity.
In 2018, we entered into a joint venture ith Global Logistic Properties, to create a rooftop solar energy grid on 33 million sqm of logistics warehousing across the country’s east coast.
Most recently, we acquired GHC (now known as One East), a mixed use complex comprising three ffice towers and a retail mall in Shanghai.We opened the Walmart Dongguan Perishable Distribution Center, an innovative global standard cold storage warehouse in Humen Port, China.
Over the coming years, we expect to continue our prudent investment activity in China.
One East: Shanghai
Our Business in China
Real Estate
Office
- 3 office properties
- ~ 112,000 sqm total
Retail
- 3 retail assets
- ~ 102,900 sqm total
Logistics
- 4 logistics land banks totalling over 317,910 sqm
Renewable Power
Wind
- 3 wind farms
- Over 348 MW of generating capacity
Solar
- Solar farm in Dunhuang
- 18 MW of generating capacity
- Joint venture with Global Logistic Properties (GLP) targeting delivery of up to 1 GW of rooftop solar power.
Private Equity
Infrastructure Services
- Westinghouse: operates to two nuclear power facilities
Industrials
- Clarios: operates two automotive battery manufacturing plants
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Managing Director, Real Estate | Country Head for China
Stuart Mercier
Managing Director, Real Estate | Country Head for China
Stuart Mercier is a Managing Director and Country Head for China, overseeing all of Brookfield’s operations and institutional relationships. Mr. Mercier also has direct responsibility for Brookfield’s Real Estate activities across Asia including business development, investment and portfolio management.
Mr. Mercier joined Brookfield in Hong Kong in 2012 before relocating to Shanghai to establish Brookfield’s mainland Chinese operations. Prior to joining Brookfield, Mr. Mercier held various investment roles within a boutique Asian real estate investment and advisory firm. He also held various positions at Oxford Properties, the global real estate platform of the OMERS pension fund.
Mr. Mercier received a BA from Bishop’s University and an MBA in Finance from the University of Hong Kong and London Business School, where he was the recipient of the Haitong Securities “New Generation of Leaders” scholarship. Mr. Mercier serves on the board of the Canada China Business Council and is a Global Governing Trustee of the Urban Land Institute.
Senior Vice President, Head of Greater China Private Equity
Ricky Xue
Senior Vice President, Head of Greater China Private Equity
Ricky Xue, Head of Infrastructure and PE, Greater China at Brookfield Asset Management, is in charge of infrastructure and PE investment across Greater China, South Korea and Southeast Asia, as well as in developing other businesses in Asia. He leads the company in investments mainly on consumables, manufacturing, service and infrastructure as well as other non-cyclical industries with strong cash flow.
Ricky Xue was Chief Representative of Greater China at Navis Capital and Vice President of Prax Capital. With over ten years of experience in mergers and acquisitions, as well as equity investment, business strategy and operation consulting, he has led or joined in several domestic and foreign investments, mergers and acquisitions. Ricky Xue is a CFA, FRM and CIA holder and has been invited by CEIBS to lecture for EMBAs and MBAs as well as to comment on entrepreneurship courses.
Senior Vice President, Brookfield's Renewable Group
Daniel Cheng
Senior Vice President, Brookfield's Renewable Group
Daniel Cheng is a Senior Vice President in Brookfield’s Renewable Group and is responsible for building and managing its renewable power business in China.
Mr. Cheng joined the Renewable Group in 2015 in Toronto and was involved in investment and divestiture activities primarily in North America before relocating to Shanghai, China in 2018 to take on his current role. Prior to Brookfield, Mr. Cheng worked in the M&A investment banking division of BMO Capital Markets in Toronto.
Daniel holds a double Bachelor of Business Administration with High Distinction from Wilfrid Laurier University and Bachelor of Mathematics with Distinction - Dean's Honours List from the University of Waterloo.