Segro to buy six Tritax EuroBox properties for $499 mln in deal with Brookfield

Tritax EuroBox

12/11/2024 08:48

Nov 12 (Reuters) - Warehouse landlord Segro  SGRO.L 
said on Tuesday it would buy six Tritax EuroBox  EBOX.L 
properties in Germany and the Netherlands for 470 million euros
($499.1 million) as part of a deal with Brookfield Asset
Management Ltd  BAM.TO .
    Segro's purchase comes weeks after the Canadian asset
manager outbid the London-based warehousing specialist in the
race to buy Tritax EuroBox in a 1.1 billion pound ($1.41
billion) deal, including debt.
    
($1 = 0.9418 euros)
($1 = 0.7810 pounds)

 (Reporting by Aby Jose Koilparambil in Bengaluru; Editing by
Mrigank Dhaniwala)
 ((abyjose.koilparambil@thomsonreuters.com))