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On November 12, 2024, Segro agreed to buy six Tritax EuroBox properties in Germany and the Netherlands for €470 million ($499.1 million) from Brookfield Asset Management Ltd. The deal is conditional on Brookfield completing its €1.1 billion acquisition of Tritax EuroBox. This purchase supports Segro’s expansion in European logistics, a sector seeing strong demand due to e-commerce growth.
Parties
Company
SEGRO plc
Company
Tritax EuroBox plc
Company
Brookfield Asset Management Ltd.
Deal Type
Merger & AcquisitionIndustry
OtherTransaction
Undisclosed/ConfidentialDeal Status
ActiveClosing Date