Brookfield to acquire Tritax EuroBox for £1.1bn.

Brookfield Asset Management, an alternative asset management company, agreed to acquire Tritax EuroBox, a property company investing in distribution centres across Europe, for £1.1bn. Brookfield's offer was picked over a previous bid from SEGRO, which ultimately lapsed November 18th, 2024. "The board of Tritax EuroBox remains intensely focused on delivering value for Tritax EuroBox shareholders. The cash offer from Brookfield represents a premium to the current value of the SEGRO offer and ensures that Tritax EuroBox shareholders will benefit from a significant uplift over the undisturbed value of their investment with flexibility to reinvest as they see fit," Robert Orr, Tritax EuroBox Chair.