Adia involved in $2.34B Slice Grocery deal
Abu Dhabi Investment Authority (ADIA) participated as an investor in a deal with a total value close to $2.34 billion to acquire Canadian company Slate Grocery REIT, which manages US shopping centers specializing in grocery stores. The deal includes the acquisition of Breezmore Properties of 23 shopping centers for $636 million, while a joint venture between Breezmore and Everview Partners contributes to the acquisition of 92 properties valued at $1.71 billion. The transaction aims to enhance the portfolio of commercial real estate focused on retail services in the United States.
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