Brookfield Real Estate Services Inc. (TSX:BRE) agreed to acquire Royal LePage and Via Capitale agreements from Brookfield Real Estate Services Manager Limited for CAD 6.3 million on December 6, 2013. Brookfield Real Estate Services agreed to pay approximately CAD 6.1 million for Royal LePage, of which 80% will be paid in January 2014 and the balance paid at the end of 2014 and approximately CAD 0.2 million for Via Capitale, of which 80% will be paid in January and the balance of the purchase price will be finalized over the next three years and is to be paid in annual installments over the same period. The terms also include an estimated annual royalty stream of CAD 1 million. The transaction will be financed with internal cash and draw down on CAD 10 million acquisition line. The acquisition was approved by Brookfield Real Estate Services Inc. The transaction is expected to close on January 1, 2014.

Brookfield Real Estate Services Inc. (TSX:BRE) completed the acquisition of Royal LePage and Via Capitale agreements from Brookfield Real Estate Services Manager Limited on January 1, 2014.