TPG Real Estate Partners Files Offer to Acquire Intervest Offices & Warehouses NV for €21.00/Share
October 17, 2023
TPG Real Estate Partners, via its vehicle European Real Estate Holdings NV, has filed a voluntary all-cash takeover offer to acquire all outstanding shares of Belgian logistics and office REIT Intervest Offices & Warehouses NV at €21.00 per share. The offer, supported by key Intervest shareholders, seeks to provide long-term capital and expertise to accelerate Intervest's logistics growth while enabling a strategic sell-down of its non-core office portfolio.
- Buyers
- TPG Real Estate Partners, European Real Estate Holdings NV
- Targets
- Intervest Offices & Warehouses NV
- Sellers
- Intervest shareholders (unnamed; two key shareholders provided irrevocable undertakings)
- Industry
- Real Estate
- Location
- Belgium
- Transaction Type
- Buyout
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