TPG, a global alternative asset management firm, and Oxford Properties Group, a leading global real estate investor, developer, and manager, announced today a new partnership whereby TPG has acquired a 75% interest in Oxford’s two Class-A industrial business parks in the Greater Toronto Area: Brampton Business Park and Vaughan Business Park. Oxford has retained a 25% interest in the assets and will continue to manage the 5.1 million square-foot portfolio. The transaction values the portfolio at C$1.3 billion.
Full Article: newswire.ca