TPG Announces Filing Of An Offer To Acquire Intervest For €21.00 Per Share
Portfolio Pulse from Benzinga Newsdesk
TPG Real Estate Partners has filed a formal notice with the Belgian Financial Services and Markets Authority for an all-cash voluntary and conditional public takeover offer for all the outstanding shares of Intervest Offices & Warehouses NV. The offer price represents a 52.2% premium over the closing share price on October 5, 2023. The acquisition will allow Intervest to operate with greater flexibility and pursue growth across its platform. The offer has the support of Intervest's Supervisory Board and Management Board.
October 17, 2023 | 5:05 pm
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TPG Real Estate Partners' acquisition of Intervest could potentially strengthen its real estate portfolio and provide long-term capital, expertise, and resources to unlock growth.
The acquisition of Intervest, a leading Belgian logistics and office REIT, could potentially strengthen TPG's real estate portfolio. This could also provide TPG with access to long-term capital, expertise, and resources to unlock growth.
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