Staff
A company co-owned by the Caisse de dépôt et placement du Québec’s real estate subsidiary is making an investment in Eastern Europe.
PointPark Properties (P3), which is owned by Ivanhoé Cambridge and TPG Real Estate, has agreed to acquire two logistics parks in Poland and one in Romania from CA Immobilien Anlagen AG.
Financial terms of the deal were not disclosed.
The purchase, which is still subject to contractual terms and regulatory approvals, also includes almost 165 hectares of land for development, principally in Poland and Romania.
P3 now operates more than 2.9 million square metres of logistics and distribution facilities. It also owns one of the largest land banks for logistics development in Europe.
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