US private equity firm TPG and Canadian group Ivanhoé Cambridge have acquired PointPark Properties (P3) from Bahraini investment company Arcapita.
US private equity firm TPG and Canadian group Ivanhoé Cambridge have acquired PointPark Properties (P3) from Bahraini investment company Arcapita.
As part of the transaction, the investors will also commit additional capital to strengthen P3’s balance sheet and to provide support for future growth, the companies said in a joint statement.
Financial details were not disclosed.
P3 is a specialist investor, developer and asset manager of warehouse properties, active in 12 European countries with a portfolio consisting of 48 warehouses covering 1.46 million m2. Its land bank allows for the development of more than 590,000 m2 of warehouse space across Europe.
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