| Australian industrial property powerhouse Goodman Group has struck a fresh tie-up with one its major shareholders, sovereign wealth fund China Investment Corporation, agreeing a £250 million ($509.32m) deal in Britain.
The pair are poised to acquire three business parks in Britain’s southeast from the unlisted Arlington Business Parks Partnership, which Goodman already operates and owns with local group Legal & General Property. The deep-pocketed CIC was identified as the likely capital partner to buy the properties — Hammersmith Embankment, Oxford Business Park and Uxbridge Business Park — by British journal Property Week...............................................Full Article: Source
|