The Financial Post reports in its Thursday edition that Brookfield Corp. is in exclusive negotiations to sell London's Citypoint tower for roughly the value of the outstanding debt secured against it, a deal that would signal new confidence in London's office market. A Bloomberg dispatch to the Post says London-based private equity firm Castleforge is in talks to acquire the 36-storey building for 455 million pounds ($625-million (U.S.)). The price is roughly in line with the debt package secured against the property, which includes both commercial mortgage backed securities and a junior loan facility. Representatives for Brookfield and Castleforge declined to comment on the record. Citypoint became a symbol of the crisis that has gripped U.K. commercial real estate since the advent of higher interest rates in 2022. An aborted sale attempt and repeated loan extensions and restructurings encapsulated fears about the fate of older office buildings in need of increasingly costly upgrades. The potential deal would highlight the growing confidence of investors that a shortage of new space is forcing rents higher. Its previous owner lost control during the financial crisis. Brookfield paid 561 million pounds for it in 2016.