.
MergerLinks Header Logo

Announced

Completed

Nuveen Real Estate, Taconic Partners and North American Properties completed the acquisition of Ridge Hill for $220m.

Financials

Edit Data
Transaction Value£178m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Domestic

Completed

Majority

Friendly

shopping centre

Acquisition

United States

Diversified Retailers

Private

Real Estate

Single Bidder

Private Equity

Synopsis

Edit

Nuveen Real Estate, a real estate funds and mandates manager, Taconic Partners, an operator and developer of commercial and residential real estate, and North American Properties, a real estate operating company, completed the acquisition of Ridge Hill, a mixed-use lifestyle center, for $220m. "We see this as an attractively priced asset in an evolving sector that fits within our well-diversified New York property focused real estate fund. The acquisition of Ridge Hill reflects a generational opportunity to re-position an already dominant lifestyle center that sits in the heart of one of the country's most affluent and densely populated regions," Nadir Settles, Nuveen Managing Director and Head of the New York Property Fund.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US