Brookfield Asset Management Inc. says it's planning to create a new global facilities management business, which will include a Canadian and Australian business that it has jointly owned with Johnson Controls Inc. Brookfield says it will pay US$200 million to buy the other half of the joint venture that it has had with Johnson Controls and then launch its new initiative on a large-scale in the United States and Europe. The company is a Toronto-based alternative asset manager that's focused primarily on real estate, renewable power generation and the forestry sector.