US asset management giant Brookfield has taken a majority stake in a 1.4 million feet squared portfolio of three big-box distribution warehouses in the UK via a secondaries transaction.
Although financial details were kept confidential, market sources put the deal price at €140 million. The transaction, the US group’s fourth investment in Europe out of the real estate solutions strategy, took the form of a recapitalisation of a logistics portfolio owned by Tritax Big Box REIT, which remained as minority investor.
Brookfield’s partner in the deal, Copley Point Capital, also took a minority stake in the assets and will operate the assets going forward.
Source: propertyeu.info on the 2nd of March
https://propertyeu.info/Nieuws/Brookfield-takes-control-of-140m-UK-logistics-portfolio/63d08f4f-fa54-41a3-81ea-00aba885b9db