Brookfield takes control of €140 million UK logistics portfolio
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...