Segro backs down from Tritax bidding war amid asset buying spree Investing Segro has failed to up its offer for a takeover of Tritax Eurobox despite being outbid by Brookfield, leaving the latter victorious in the bidding war. Despite failing to successfully take over the real estate investment trust, Segro said today that it had bought about a third of Tritax Eurobox’s assets for 470m euros (£389m). [...]
Brookfield wins round Tritax Eurobox in £1.1bn tie-up Property In a statement to the market this morning, the boards of the two companies said they reached an agreement on a £1.1bn deal.
Citypoint tower up for sale as owner seeks cut-price deal Property Canadian asset manager Brookfield has put Citypoint tower up for sale in what could be the biggest commercial office sale in the capital all year. Brookfield has reportedly started the sale in the hope of avoiding a default on a £460m loan secured on the building, according to the FT, which it previously extended in [...]
Brookfield: Private capital giant files to create UK insurer amid pensions deal boom July 8, 2024 Canadian private capital giant Brookfield has reportedly applied to establish an insurance company in the UK as it looks to grab a slice of Britain's booming pension insurance market.
Tritax Eurobox extends bid deadline as other interest parties emerge July 2, 2024 The deadline for Brookfield Asset Management to make a formal offer for the European real estate investment trust (REIT) Tritax Eurobox has been extended, as more companies were revealed to have expressed an interest in the trust.