Brookfield Asset Management Inc. is looking to sell a 50 per cent stake in an office tower it’s developing in Toronto’s financial district, according to people familiar with the matter.

Brookfield has valued the north tower of its Bay Adelaide Centre office complex at about $650 million (US$508 million) and has received a number of bids for a half ownership interest in it, one of the people said. The tower, which was announced in 2018, will have Bank of Nova Scotia as an anchor tenant.

The potential sale comes at a time when the adoption of work-from-home policies has many analysts questioning the future of office buildings. Tech companies including Facebook Inc. and Canada’s Shopify Inc. have said that at least some employees will be able to work from home indefinitely.

Source Financial Post. Click here to read a full story