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TPG acquires majority of Oxford’s GTA industrial portfolio including a Vaughan business park in new joint venture

The joint venture, which is the first between TPG and Oxford, represents one of the largest private industrial real estate transactions in Canada to date. TPG Real Estate, TPG's diversified real estate investment platform, is acquiring the properties through its dedicated real estate equity fund series.
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TPG, a global alternative asset management firm, and Oxford Properties Group, a leading global real estate investor, developer, and manager, announced today a new partnership whereby TPG has acquired a 75% interest in Oxford’s two Class-A industrial business parks in the Greater Toronto Area: Brampton Business Park and Vaughan Business Park. Oxford has retained a 25% interest in the assets and will continue to manage the 5.1 million square-foot portfolio. The transaction values the portfolio at C$1.3 billion.

Full Article: newswire.ca