Ivanhoé, Oxford form partnership to jointly own IDI Logistics
Ivanhoé Cambridge and Oxford Properties have formed a 50:50 joint partnership to invest in IDI Logistics, an Atlanta-based developer and manager of logistics real estate. Terms weren't disclosed. Bloomberg reported the deal's value at US$3.5 billion ($4.7 billion). Ivanhoé closed the initial acquisition in November. The seller was Brookfield Asset Management. Established in 1989, IDI Logistics has developed more than 100 business parks and 750 warehouses totalling over 200 million square feet in North America. Ivanhoé is the real estate arm of Caisse de dépôt et placement du Québec, while Oxford is the real estate arm of Ontario Municipal Employees Retirement System.
30 January 2019•5 mins read
