Americold explores sale or IPO: WSJ

Americold, backed by billionaire West Coast investor Ron Burkle, is exploring a sale or IPO, the Wall Street Journal reported. Americold, which owns temperature-controlled warehouses, could be valued at more than $3 billion, or even $4 billion, the story said. The company is working with bankers to sound out interested parties while also considering a listing. Americold is a real-estate investment trust owned by Yucaipa Cos; it shelved a prior IPO attempt in 2010.

Ares buys DC380 logistics warehouse from Commerz Real AG

Ares Management LP said March 9 that it has acquired the DC380 logistics warehouse from Commerz Real AG. Financial terms weren’t announced. DC380, of Harlow, England, is a 389,444-square-foot distribution warehouse with office space. Berwin Leighton Paisner and DTRE advised Ares. PRESS RELEASE LONDON–(BUSINESS WIRE)–Ares Management, L.P.(NYSE:ARES) announced today that a fund managed by its real estate group has acquired the DC380 logistics warehouse in Harlow, England, from Commerz Real AG. DC380 is a 389,444-square-foot distribution warehouse with office space that is strategically located in an established industrial and trade area of Harlow in the south east of England between London and Stansted Airport. The property is currently leased to Industrial Tool Supplies Limited, one of the UK’s largest independent suppliers of power tools, and Wincanton, the largest British logistics service provider.
“The logistics sector continues to be attractive due to favourable long-term supply and demand dynamics, especially
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PRECap VI raises $1.29 bln

PGIM Real Estate said April 27 that its latest fund closed with more than 1 billion pounds ($1.29 billion) in capital. Pramerica Real Estate Capital VI (PRECap VI) will invest in private real estate debt in Europe, providing whole loans, mezzanine and preferred equity. PGIM Real Estate is the real estate investment business of PGIM, which itself is the global investment management business of Prudential Financial Inc. PRESS RELEASE LONDON–(BUSINESS WIRE)–PGIM Real Estate has completed a capital raise exceeding £1 billion for PRECap VI (Pramerica Real Estate Capital VI), surpassing its fundraising target. PRECap VI is the largest fund in a series dedicated to investing in private real estate debt in Europe. PGIM Real Estate is the real estate investment business of PGIM, the global investment management business of Prudential Financial, Inc. (NYSE: PRU). With more than $1 in trillion assets under management, PGIM is a top 10 global money manager
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