The Financial Post reports in its Saturday edition that Brookfield Asset Management plans to invest $1-billion (U.S.) in a global capability centre in Mumbai, and has already lined up a big multinational bank to occupy the space. A Bloomberg dispatch to the Post says the investment underscores the rise of India as a hub for so-called global capability centres, which international companies and banks often use for back-office services. The project will be jointly developed with the Mumbai Metropolitan Region Development Authority and will house a multinational bank over a 20-year term. It will cover around six acres and create around two million square feet of office space, Brookfield said in a statement, adding that it will be Asia's largest such project. Brookfield owns $4-billion (U.S.) of real estate projects in Mumbai. Its shares closed Friday in Toronto at $74.06, down $1.13.