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Announced

Oxford Properties to acquire the industrial real estate portfolio of KKR for $2.2bn.

Financials

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Transaction Value£1,588m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Private

industrial property

Pending

Majority

Acquisition

Real Estate Holding and Development

Friendly

Single Bidder

United States

Cross Border

Real Estate

Synopsis

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Oxford Properties, a global real estate investor, agreed to acquire the industrial real estate portfolio of KKR for $2.2bn. "The acquisition serves as a launchpad for Oxford’s light industrial business which perfectly complements our big box development platform, IDI Logistics. We believe scale will become an important differentiator for industrial real estate operators, and we continue to pursue opportunities in the US light industrial sector," Ankit Bhatt, Oxford Properties VP of Investments.

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