Brookfield completed the acquisition of Arlington from TPG Real Estate for £714m.

Brookfield Asset Management completed its acquisition of Arlington, a property investor and developer with a focus on innovation real estate, from TPG Real Estate, a real estate equity investment platform, for £714m ($996m). “Over the last four years, we have worked closely with TREP to invest in our assets to provide high-quality amenities and actively position the portfolio to attract tenants in fast-growing sectors such as innovation, technology, and life sciences. Our track record of growing occupancy by almost 15%, achieving double-digit rental growth on new leases, and collecting 100% of rents since the onset of Covid is a testament to the quality of the platform and the Arlington team. We thank TREP and are excited to partner with Brookfield for the next stage of Arlington’s growth," James Raven, Arlington CEO.