By Sabela Ojea
TPG acquired a majority interest in an Oxford Properties Group industrial portfolio through a new joint venture that values the portfolio at 1.3 billion Canadian dollars ($971.4 million).
The asset management firm on Monday said that it acquired a 75% interest in Oxford’s two class-A industrial business parks in Toronto.
“The joint venture, which is the first between TPG and Oxford, represents one of the largest private industrial real estate transactions in Canada to date,” the company said.
Write to Sabela Ojea at [email protected]; @sabelaojeaguix
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