Segro to buy six Tritax EuroBox properties for $499 million

14 Nov 2024 CW Team

Tritax EuroBox properties in Germany and the Netherlands for 470 million euros ($499.1 million) as part of a deal with Brookfield Asset Management Ltd. Segro's purchase comes weeks after the Canadian asset manager outbid the London-based warehousing specialist in the race to buy Tritax EuroBox in a 1.1 billion pound ($1.41 billion) deal, including debt. Segro said that the non-binding agreement with Brookfield is conditional on the completion of the asset manager's acquisition of Tritax EuroBox. British-listed commercial real estate companies have witnessed a flurry of deals this year including the $1.2 billion purchase of UK Commercial Property by Tritax Big Box, and LondonMetric's deal for LXI. European logistics, including warehouses, have been a bright spot in a struggling commercial real estate market, as the boom in e-commerce creates demand for more space. Private equity giant Blackstone in September agreed to buy an 80% stake in a European warehouse portfolio run by landlord Burstone.

Infrastructure Urban

12 Feb 2026

Mahindra to Build Largest Integrated Auto and Tractor Plant in Maharashtra

Mahindra Group has announced plans to establish its largest integrated manufacturing facility for automobiles and tractors in Nagpur, Maharashtra, as part of a long-term growth strategy unveiled at Advantage Vidarbha. The company has committed an investment of Rs 150 billion (bn) over a ten year period and anticipates that the Nagpur complex will commence production in 2028. The announcement places Vidarbha at the centre of Mahindra's expanded manufacturing footprint. The facility will be developed across an area of 1500 acres in Vidarbha and will be complemented by a one hundred and fifty ac..

BEML Approves Rs 15 Billion for BRAHMA Rail Facility Near Bhopal

BEML Limited (BEML) approved an investment of Rs 15 billion (Rs 15 bn) to develop the BRAHMA rail manufacturing facility at Umariya near Bhopal. The board authorised the capital allocation and initiated project planning and land acquisition processes. The approval signals a strategic move by the state-owned engineering company to expand its footprint in rail equipment production in central India. The project is positioned to strengthen domestic rail manufacturing capabilities and to support supply chain resilience for rolling stock and related components. The company framed the investment as ..

Pitch Perfect Australia–India Compendium Launched at IIFT

The Indian Institute of Foreign Trade (IIFT) launched the India–Australia Business Case Studies Compendium titled Pitch Perfect Australia–India, presenting practical accounts of cross border commerce and the conditions for a $100 bn partnership. The compendium was developed jointly by the Indian Institute of Foreign Trade and Newland Global Group and documents market entry experiences, growth strategies and lessons from 30 organisations operating in India and Australia. The publication aims to inform policy makers, industry leaders and academics by presenting evidence based business journe..