TPG ACQUIRES MAJORITY OF OXFORD’S GREATER TORONTO AREA INDUSTRIAL PORTFOLIO FOR C$1 BILLION IN NEW JOINT VENTURE

December 19, 2023

https://www.prnewswire.com/news-releases/tpg-acquires-majority-of-oxfords-greater-toronto-area-industrial-portfolio-for-c1-billion-in-new-joint-venture-302018108.html

TORONTO, SAN FRANCISCO and FORT WORTH, Texas, Dec. 18, 2023 /PRNewswire/ – TPG, a global alternative asset management firm, and Oxford Properties Group (‘Oxford’), 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 (‘GTA’): 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.

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