Announced
Financials
Tags
Single Bidder
Acquisition
Majority
accomodation
Real Estate
Private
Pending
Private Equity
real estate assets
Friendly
United States
Real Estate Holding and Development
Domestic
Synopsis
Purdue Research Foundation, a commercial organization, agreed to acquire a 67% stake in Aspire at Discovery Park from Balfour Beatty, the international infrastructure group, for $150m. The disposal proceeds are in excess of the Balfour Beatty Directors' valuation as of 31 December 2021, consistent with Balfour Beatty's strategy of optimising value through the disposal of operational assets, whilst continuing to invest in new asset opportunities.
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