Ofi Invest Real Estate’s Post

Brookfield’s Acquisition of Tritax Eurobox: A Strategic Move in the Logistics Real Estate Market Introduction In a significant move within the logistics real estate sector, Brookfield Asset Management has successfully acquired Tritax Eurobox, a prominent European logistics property investor. This acquisition, valued at approximately £1.1 billion (around $1.4 billion), marks a pivotal moment for both companies and the broader market. Details of the Acquisition Brookfield’s offer of 69 pence per share represents a 6% premium over a previous bid from UK-based Segro. The acquisition includes Tritax Eurobox’s debt, making the total transaction value substantial. This strategic acquisition was facilitated through Titanium Ruth Bidco, a newly established entity indirectly owned by a Brookfield real estate private fund. Strategic Implications The acquisition of Tritax Eurobox by Brookfield is a strategic maneuver aimed at strengthening Brookfield’s presence in the European logistics market. Tritax Eurobox’s portfolio, which includes high-quality logistics properties across key European markets, complements Brookfield’s existing assets and expands its footprint in a sector experiencing robust growth. Market Reactions The market has responded positively to the acquisition, with analysts highlighting the strategic fit and potential synergies between the two companies. The deal is expected to enhance Brookfield’s operational capabilities and provide significant opportunities for growth and value creation in the logistics real estate sector. Conclusion Brookfield’s acquisition of Tritax Eurobox underscores the growing importance of logistics real estate in the global market. As e-commerce continues to drive demand for logistics space, this acquisition positions Brookfield to capitalize on emerging opportunities and reinforces its commitment to expanding its real estate portfolio. #TheDiplomatist

📰 Mirastar and KKR Complete Acquisition of Prime 890,000 sq ft UK Logistics Portfolio Mirastar Real Estate Investment Management and KKR are pleased to have completed the off-market acquisition of a prime UK logistics portfolio, totaling 890k SQ FT. The five assets are strategically located in the North-West of England and Yorkshire in close proximity to key transport infrastructure and major population centers. The portfolio is currently 80% let to a secure and diverse tenant mix with a weighted average lease term to break of 10 years. The assets were developed and owned by PLP with best-in-class specifications, including BREEAM Very Good certifications and EPC A ratings. Mirastar's CEO & Co-Founder, Ekaterina Avdonina said: “This impressive portfolio follows our careful approach to asset selection across Europe as we look to aggregate well-specified assets in key logistics locations. The North-West and North of England have performed strongly in the recent years, and we expect this trend to continue as we enter an exciting stage of the UK real estate market cycle.” The Mirastar team look forward to an exciting end of 2024 alongside KKR, across their European real estate equity strategies. 🌟 #RealEstate #Logistics #Investment #UKRealEstate #KKR #Mirastar #LogisticsPortfolio #SustainableRealEstate #BREEAM #EPC #AssetManagement #NorthWestEngland #Yorkshire #EuropeanInvestments Well done team: Ekaterina Avdonina, Fiona Kilian, Leon Alvos, CFA, Guy Heilpern, Kris Britland, Seb d'Avanzo, Mark Ekinde, Manfred Obiltschnig! And thank you to our advisors: DTRE LLP, Clifford Chance Global Real Estate, Gibson Dunn, Savills, Nova Ambiente (part of Nova Group, GBC), Deloitte, Syzygy. 🔗Link to article: https://lnkd.in/eb_Xy7bC

Brookfield’s Acquisition of Tritax Eurobox: A Strategic Move in the Logistics Real Estate Market Introduction In a significant move within the logistics real estate sector, Brookfield Asset Management has successfully acquired Tritax Eurobox, a prominent European logistics property investor. This acquisition, valued at approximately £1.1 billion (around $1.4 billion), marks a pivotal moment for both companies and the broader market. Details of the Acquisition Brookfield’s offer of 69 pence per share represents a 6% premium over a previous bid from UK-based Segro. The acquisition includes Tritax Eurobox’s debt, making the total transaction value substantial. This strategic acquisition was facilitated through Titanium Ruth Bidco, a newly established entity indirectly owned by a Brookfield real estate private fund. Strategic Implications The acquisition of Tritax Eurobox by Brookfield is a strategic maneuver aimed at strengthening Brookfield’s presence in the European logistics market. Tritax Eurobox’s portfolio, which includes high-quality logistics properties across key European markets, complements Brookfield’s existing assets and expands its footprint in a sector experiencing robust growth. Market Reactions The market has responded positively to the acquisition, with analysts highlighting the strategic fit and potential synergies between the two companies. The deal is expected to enhance Brookfield’s operational capabilities and provide significant opportunities for growth and value creation in the logistics real estate sector. Conclusion Brookfield’s acquisition of Tritax Eurobox underscores the growing importance of logistics real estate in the global market. As e-commerce continues to drive demand for logistics space, this acquisition positions Brookfield to capitalize on emerging opportunities and reinforces its commitment to expanding its real estate portfolio. #TheDiplomatist

A round up of some of the Deals in April across #RealEstate & #RealAssets Investments: Cain International on their newly announced merger with Blackbrook Capital, the newly combined business stands at $17bn AUM, focusing on supply chain infrastructure with a new HQ in London. KKR purchase of a 10,000-bed PBSA portfolio spread across 10 US states for $1.64bn from Blackstone Real Estate Income Trust. Logistics specialist Clarion Partners LLC Europe is paying Panattoni €75 million for the recently developed Panattoni Logistics Park at Voerde, in Germany. Mapletree Investments paying c£1 billion for a European PBSA portfolio from Cuscaden Peak Investments Private Limited (fka Singapore Press Holdings Private Limited) who are selling the portfolio spread across 19 cities in the UK and Germany for S$1.7 billion (£1 billion). CPP Investments | Investissements RPC has acquired student accommodation business Nido Living from Round Hill Capital More updates over the course of this month and across the variety of Real Assets sectors.

How does 7-Eleven International's $1.71 billion acquisition align with its global expansion strategy? 7-Eleven International LLC has recently finalized a significant acquisition, solidifying its position in the global market. With the completion of the $1.1 billion deal to acquire 7-Eleven Australia convenience stores, the company has expanded its portfolio by over 750 stores in Australia. This move reflects 7-Eleven International's commitment to growth and its strategy of leveraging synergies to enhance the customer experience within its expanding network. Under the leadership of President and CEO Ken Wakabayashi, 7-Eleven International aims to capitalize on the expertise and legacy of 7-Eleven Australia, while also introducing improvements and expanding product offerings. This acquisition further underscores the company's global footprint, with operations in 16 countries and regions and over 84,000 stores worldwide, reinforcing its position as a leader in the convenience retail sector. Contact us for the latest C-store news. Jake Stammen 📞 (972) 755-5209 Jake.Stammen@marcusmillichap.com Salim Bhaidani 📞 (817) 932-6136 Salim.Bhaidani@marcusmillichap.com 👉 Click link for details https://lnkd.in/gBHuwBMv #NNN #retail #realestate #investment #investing #commercialrealestate #property #passiveincome #cre #investor #seveneleven #australia

AEW announces the off-market acquisition of a new #logistics asset in Weiterstadt, close to Frankfurt, #Germany. The asset was acquired from FOUR PARX Group on behalf of an AEW fund under management for French retail investors. The asset is ideally located in one of the main logistics markets and #industrial hubs in Germany. Frankfurt’s airport, the largest in Germany, is located 20km from the warehouse and is easily accessible via the A5 motorway. The asset, which is rented by a public institution with a firm ten-year lease, was delivered at the end of 2023 and consists of three modern, independent buildings of varying sizes totalling 7,177m2. The asset’s high degree of flexibility allows the space to be divided into up to seven units of different sizes. The asset meets several #ESG criteria, such as LED lighting, a thermally insulated façade, and charging stations for electric vehicles. It aims to obtain DGNB "Gold" certification. Matthieu Samaran, Investment Director at AEW, says: "The Frankfurt industrial hub is among the most dynamic and stable in Germany. The quality of this logistics asset, its strong #energy performance, and the long lease negotiated with a top-tier tenant make it an attractive investment that will further diversify the fund’s #portfolio." Antoine Barbier, Head of AEW Patrimoine, adds: "This #acquisition perfectly aligns with the investment strategy of our fund, which has been investing across a broad spectrum of asset classes in Germany since its inception in 2021. We believe this high-quality logistics asset is well-placed to deliver an attractive return over the long term. This type of acquisition, in a favourable market context, allows for the possibility of exploring financing on attractive terms to support our #strategy." For this #transaction, AEW was advised by GSK, TA Europe, and Nova Ambiente.

Ofi Invest Real Estate has acquired a core #logistics property known as ‘Central One’ in Neuss, a city located west of Düsseldorf. The asset was sold by Oxenwood Real Estate, a #UK and #European real estate #investment management firm. The sale price has not been disclosed. Completed in 2022, the property offers modern Grade A specifications across approximately 12,000m2 of lettable space and holds a DGNB level Gold certificate. It is fully leased to a leading food retailer on a long-term basis, serving as a strategic hub for online grocery distribution in the wider Düsseldorf area. This setup ensures efficient delivery to end users and supports last-mile logistics operations. Additionally, the property has good growth potential in terms of rent, thanks to its high-quality spaces and excellent location. This investment is strategically significant for Ofi Invest Real Estate, as the Düsseldorf area is one of the most established logistics markets in #Germany. Located in Neuss, the #property benefits from excellent public transportation connections and a dense motorway network, allowing access to one of the largest consumer markets in #Europe, with 20.4 million inhabitants within a 90-minute drive. Grégoire Bailly-Salins, Head of Transactions and Business Development Europe at Ofi Invest Real Estate SAS, comments: “We are pleased to announce the #acquisition of this prime last-mile logistics facility strategically located close to Düsseldorf, one of the most established locations for logistics in Europe. This acquisition is in line with our selective investment #strategy, focusing on high-quality assets and locations, offering long-term and upside potentials. Achieving this transaction in the current market environment showcases our ability to grasp market opportunities on the most resilient assets.” Stewart Little, CEO of Oxenwood Real Estate, said: “This #transaction underscores the enduring value of high-quality assets in prime locations. Neuss, as a key logistics hub, highlights the strength of the German market, where developing a well-located, modern asset with a strong tenant covenant provides secure liquidity for an exit.” On this transaction, Ofi Invest Real Estate was advised by DLA Piper, CBRE Technical Due Diligence Team and Colliers International GmbH. Oxenwood/Catalina was advised by JLL and Jones Day and Arcadis. https://lnkd.in/eueutvid

DEAL NEWS! On behalf of our recently launched French SCPI EDR EUROPA we have acquired the second asset in the Netherlands, concerning a light industrial asset of c. 6,000 sqm in Waalwijk. Special thanks for working together on this transaction to Wouter Stevens, Mans Vroom, Tim van Schaik, Jaimy Rengers, David Meijeren, Matthew Monrooij and Luca Nouwen on buyers' side and Ron Michels, Tom Michels on sellers' side. We're looking forward to further grow EDR EUROPA in the near future with acquisitions in light-industrial/logistics, retail and offices! #edrreimfrance #CityState #Savills #QGMlaw #lightindustrial #DutchBakeryGroup #EuropeanBakeryGroup #VandeZande #SCPI ------------------------------------------------------------------- Edmond de Rothschild EUROPA Acquires LIGHT INDUSTRIAL ASSET IN WAALWIJK - THE NETHERLANDS On behalf of the SCPI EDMOND DE ROTHSCHILD EUROPA, Edmond de Rothschild Real Estate Investment Management has acquired a light industrial asset in Waalwijk (the Netherlands) leased to Dutch Bakery Group. The asset is located at the Industrieweg 64-66 (Waalwijk), a strong logistics hotspot with excellent connections to the highways A59 and A27. The asset is acquired from seller Schapendonk Holding B.V..       The asset comprises a freehold plot of c. 10,316 sqm, totalling c. 6,000 sqm LFA and a long-term lease with Dutch Bakery group (DBG) in place. DBG, originally founded in 1936 in Waalwijk, has been on this location for more than 30 years and uses the asset for production of part of their assortment of its bake-off products. DBG is seen as market leader in the Benelux in bake-off products and forms part of the European Bakery Group. This acquisition was carried out by Edmond de Rothschild REIM’s Dutch team, advised by QGM Law (legal), CityState (commercial) and Savills (technical). Seller was advised by van de Zande Makelaardij Waalwijk. Niels Bruijninckx, Director Investments Benelux at Edmond de Rothschild REIM, said: "We are very proud we have already secured our second Dutch acquisition for EDMOND DE ROTHSCHILD EUROPA. For this strategy we look forward to acquire more assets in the Netherlands at attractive yields providing stable distributions to our investors.” Edmond de Rothschild REIM is the real estate investment platform of Edmond de Rothschild, managing EUR 12.9 billion in assets across seven countries in Europe, invested in diverse strategies with a strong ESG focus. The platform brings together over 140 real estate investment professionals and experts in Europe, covering the entire real estate value chain, from investment to asset management. The teams, with multisectoral expertise, operate in various sectors such as industrial spaces, logistics, central office, residential, and healthcare and research facilities across Europe.

Lightstone has entered into an asset purchase and business transfer agreement to dispose of its Planet Koper retail asset in Slovenia for €68.7m, subject to conditions precedent. The Group says that although the asset is dominant, it lacks key retailers such as Zara and Primark which are integral to its strategy. The net proceeds of the disposal will be used towards funding Lighthouse's acquisitions in Iberia: https://bit.ly/3zUNXib #assetmanagement #JSE #listedcompanies #propertyfund #commercialrealestate #europe #realestateinvestment #shareholders #investorrelations #propertyowners #landlords #realestatenews #propertynews #retailrealestate