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Announced

CTP to acquire Deutsche Industrie REIT for €800m.

Financials

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Transaction Value£675m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium48%
One Off Charge-

Tags

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Pending

Commercial REITs

industrial properties

Friendly

real estate investment trust

Majority

Privatisation

Germany

Single Bidder

Public

Cross Border

Acquisition

Synopsis

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CTP, a real estate company, offered to acquire Deutsche Industrie REIT, a real estate investment trust company, for €800m. "CTP is quickly delivering on the pan-European active growth strategy we outlined during our IPO earlier this year. Through our proposed acquisition of Deutsche Industrie REIT-AG, we create a meaningful entry into the German logistics and industrial real estate market," Remon Vos, CTP Founder and CEO.

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