Tuesday, June 15, 2021
74.1 F
Fort Worth

Fort Worth firm acquires European warehouse group

🕐 1 min read

Fort Worth-based TPG, a global private investment firm, and a partner Ivanhoé Cambridge of Montreal, a large real estate company, have acquired PointPark Properties (P3) from Arcapita, an international investment company headquartered in Bahrain.

As part of the transaction, the investors will also commit additional capital to strengthen P3′s balance sheet and to provide support for future growth. P3, located in the Czech Republic, is a specialist investor, developer and asset manager of warehouse properties, providing services to logistics, retail, automotive and electronics manufacturing companies. The real estate assets consist of 48 warehouses and a land bank allowing for the development of additional warehouse space across Europe.

“P3 is a leading, full-service logistics platform with a high-quality portfolio of warehouse assets located in Europe’s core distribution hubs,” said Anand Tejani, TPG Partner, in a news release. “P3 is well-positioned to benefit from the positive macro trends driving the current growth in occupational demand for European logistics space.”

TPG Real Estate is the real estate platform of TPG, a global private investment firm founded in 1992 with $55.3 billion of assets under management.  

Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

Related Articles

Our Digital Sponsors

Latest Articles