Deals
Oxford Joins Caisse Unit in $3.5 Billion Deal for Brookfield's IDI
- Ivanhoe Cambridge, Oxford Properties to jointly own U.S. firm
- Buyers are property units of two of Canada’s top pension funds
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Two of Canada’s biggest pension funds will jointly own Atlanta-based warehouse developer IDI Logistics after Ivanhoe Cambridge Inc. sold half of its stake in the company to Oxford Properties Group.
Ivanhoe, which bought IDI in November from a unit of Canada’s Brookfield Asset Management Inc., for about $3.5 billion, sold 50 percent of it to Oxford for about $1.7 billion in December, according to people with knowledge of the transactions who asked not to be named.