Ivanhoé Cambridge and TPG acquire European warehouse investor P3
U.S. private equity firm TPG and Ivanhoé Cambridge, the real estate investment arm of pension fund manager the Caisse de dépôt et placement du Québec, have acquired PointPark Properties (P3) from Bahrain alternative investment firm Arcapita. Based in Prague, Czech Republic, P3 is a specialist investor, developer and asset manager of warehouse properties located in Europe. While the deal's value was not disclosed, one source has estimated it at around US$1 billion. As part of the transaction, TPG and Ivanhoé will commit additional capital to strengthen P3's balance sheet and support future growth.
16 October 2013•4 mins read
