TPG Real Estate Partners offered to acquire Intervest Offices & Warehouses for €650m.

TPG Real Estate Partners, the real estate equity investment platform of alternative asset management firm TPG, offered to acquire Intervest Offices & Warehouses, a Belgian logistics and office REIT and registered real estate company, for €650m. “We are pleased that TPG recognizes the value and quality of our portfolio, the dedication of our team, and the future growth opportunities for the Company. We believe this transaction represents the best path forward for our Company. TPG has significant experience growing and scaling leading European logistics platforms, bringing to Intervest a robust network in the pan-European logistics market and a complementary vision for how to support and grow our platform long-term. We are excited for the opportunity to partner with TPG to enable Intervest’s next phase of growth,” Joël Gorsele, Intervest CEO.