PSP Investments, Abu Dhabi buy industrial portfolio for $3.1 bln
An affiliate of Abu Dhabi Investment Authority and Public Sector Pension Investment Board (PSP Investments) have jointly acquired a portfolio of core industrial properties held by Exeter Property Group. The deal, priced at US$3.15 billion, will see Exeter, a U.S. real estate investment management firm, invest in the joint venture and continue to manage the acquired assets. The portfolio consists of 209 U.S.-based industrial properties, most of which are bulk warehouses that support retailers, suppliers and wholesalers. Montréal-based PSP Investments has $112 billion of managed assets.
17 December 2015•4 mins read
