Brookfield, CPP Investments to Acquire LXP Industrial for $5.2 Billion
The deal adds a portfolio of modern warehouse and logistics facilities to the firms' holdings.
Business & Markets • 3 months ago
Brookfield Asset Management and Canada Pension Plan Investment Board have agreed to acquire LXP Industrial Trust in an all-cash transaction valued at approximately $5.2 billion. This acquisition will integrate a portfolio of modern warehouse and logistics facilities into the combined holdings of the two investment firms.
The agreement marks a significant transaction in the industrial real estate sector, focusing on properties crucial for modern supply chains. The deal is expected to close pending customary closing conditions.