Supply Chain Council of European Union | Scceu.org
Warehousing

REIT Acquires Brookfield Warehouse Operator For $253M

by scceu0413

Law360 (November 21, 2019, 3:02 PM EST) — Americold Realty Trust, a REIT focused on temperature-controlled warehouses, said Thursday it has agreed to acquire the Canadian warehouse operator Nova Cold Logistics from Brookfield Business Partners in a deal worth CA$337 million ($253 million).

The proposed transaction will be an all-cash deal funded with a mix of cash on hand, its revolving credit facility and equity obtained from the sale of stock. The deal is expected to close in the first quarter of 2020.

Americold said it would acquire three warehouses with a total of 23.5 million cubic feet of space in the cities of Toronto, Calgary, Alberta, and Halifax,…

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Related posts

South Nashville warehouse sells for $1.1M

scceu

The Chef’s Warehouse and Sid Wainer Followed the Law [OPINION]

scceu

Global Pallet Wrapping Machines Market demand with COVID-19 recovery analysis 2021 better delivery process to boost market growth by 2026

scceu