Pointpark Properties (P3), the European warehouse specialist which was taken over by TPG and Ivanhoe Cambridge in late 2013, is reportedly the frontrunner in a bid to acquire a major European industrial portfolio.
Pointpark Properties (P3), the European warehouse specialist which was taken over by TPG and Ivanhoe Cambridge in late 2013, is reportedly the frontrunner in a bid to acquire a major European industrial portfolio.
According to a news report by PropertyWeek, P3 is in pole position to acquire the €500 mln Project Bora Bora portfolio from Tristan Capital Partners.
The package consists of around 10 million sq ft (930,000 m2) of sheds in Germany, Austria, Poland and the Czech Republic.
JLL is advising Tristan on the sale.
Tristan Capital Partners declined to comment.
