in

KKR to sell industrial properties for $2.2 billion to Oxford Properties Group, Real Estate News, ET RealEstate

KKR to sell industrial properties for $2.2 billion to Oxford Properties Group, Real Estate News, ET RealEstate
BENGALURU: Private equity firm KKR & Co said on Tuesday it had agreed to sell a 14.5 million square feet industrial property portfolio for about $2.2 billion to Oxford Properties Group, a real estate investor based in Canada.

Oxford, the real estate arm of Canadian pension fund Ontario Municipal Employees Retirement System, expects the acquisition to help it expand into the U.S. market.

The portfolio comprises 149 buildings across 12 major industrial markets including Dallas, Chicago and Houston.

With the pandemic last year propelling a shift away from shopping at brick-and-mortar stores to online, retailers’ demand for industrial properties such as warehouses and logistics facilities has skyrocketed.

Oxford and its portfolio companies manage about C$70 billion ($55.5 billion) of assets, according to its website.

Follow and connect with us on , Facebook, Linkedin


What do you think?

Written by Realty Beat

Leave a Reply

Your email address will not be published. Required fields are marked *

Thane civic body acts on unauthorised constructions in Majiwada-Manpada ward, Real Estate News, ET RealEstate

Thane civic body acts on unauthorised constructions in Majiwada-Manpada ward, Real Estate News, ET RealEstate

Ludhiana Improvement Trust's last bid to get buyer for Rani Jhansi Road property, Real Estate News, ET RealEstate

Ludhiana Improvement Trust’s last bid to get buyer for Rani Jhansi Road property, Real Estate News, ET RealEstate