Shemara Wikramanayake Of Macquarie Group Acquires Minority Stake In Waterside Plaza For $800M

The asset involved in the transaction consists of multifamily properties located at 20 Waterside Plaza and 30 Waterside Plaza in Manhattan. The total value of the asset is $800,000,000, with Macquarie acquiring a minority stake of just under 50% through its Macquarie Capital Principal Finance platform. MetLife’s existing debt on the properties remains intact.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $800,000,000
• Buyer: Shemara Wikramanayake - Macquarie Group
• Seller: Bruce Flatt - Brookfield Asset Management
• Market: Manhattan

This transaction featured Shemara Wikramanayake representing Macquarie Group and Bruce Flatt representing Brookfield Asset Management. The deal highlights the continued collaboration between major financial institutions and real estate entities in the New York market.