Canary Wharf, London, just a small part of Brookfield Property Partners' sprawling empire, image sourced from Yandex
Introduction
Very recently I published “Brookfield In The Time of An Epidemic” with two main conclusions: 1)Brookfield Property Partners (BPY) is the only part of Brookfield Asset Management (BAM) with a long-term significant negative impact from pandemic primarily in its retail segment; 2) On the holding company level (i.e. BAM itself), this impact appears to be manageable.
The publication caused a lot of discussions and this is a sequel devoted to the culprit