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.