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Segro to buy six Tritax EuroBox properties for $499 mln in deal with Brookfield
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Segro to buy six Tritax EuroBox properties for $499 mln in deal with Brookfield
Nov 12, 2024 1:11 AM

Nov 12 (Reuters) - Warehouse landlord Segro ( SEGXF )

said on Tuesday it would buy six Tritax EuroBox ( TTAXF )

properties in Germany and the Netherlands for 470 million euros

($499.1 million) as part of a deal with Brookfield Asset

Management Ltd. ( BAM )

Segro's ( SEGXF ) purchase comes weeks after the Canadian asset

manager outbid the London-based warehousing specialist in the

race to buy Tritax EuroBox ( TTAXF ) 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)

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