Staff
A company co-owned by the Caisse de dépôt et placement du Québec’s real estate subsidiary has made a €523-million ($758-million) investment in the Czech Republic.
PointPark Properties (P3), which is owned by Ivanhoé Cambridge and TPG Real Estate, has agreed to buy 627,000 square metres of logistics warehouses and associated development land from two funds advised by Tristan Capital Partners and VGP.
P3 is buying 11 logistics parks consisting of a total of 58 warehouses plus land offering the potential to develop a total of 125,000 square metres of additional space.
The acquisition is subject to regulatory approvals.
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