Abu Dhabi, Canada Funds ink $3.15bn US Property Deal
A unit of the Abu Dhabi Investment Authority and the Public Sector Pension Investment Board, one of the largest Canadian pension investment managers, purchased 209 US industrial properties from Exeter Property Group for $3.15 billion.
The buildings have 58 million square feet (5.4 million square meters) of space and are located in 25 markets throughout the US, according to a statement Thursday. The properties are used by both Internet and traditional retailers, suppliers and wholesalers, the companies said. Details