Tainui Group and Brookfield Asset Management to acquire a 50% stake in four industrial buildings from Ruakura Superhub.

Tainui Group, a commercial entity of Waikato-Tainui, and Brookfield Asset Management, an alternative asset management company, agreed to acquire a 50% stake in four industrial buildings from Ruakura Superhub, a multi-use development project that offers a variety of services and properties. Financial terms were not disclosed. “We are honoured to partner with TGH to further activate the major logistics and industrial precinct within Ruakura Superhub, bringing global capital at scale and unparalleled expertise as one of the world’s most active real estate investors,” Ruban Kaneshamoorthy, Brookfield Asset Management, Co-Head of Australia and New Zealand Real Estate.