Tikehau Capital to acquire real estate investment trust manager

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Paris-headquartered Tikehau Capital has entered into exclusive negotiations to acquire 80% of the shares of Ireit Global Group Pte. Ltd., the manager of Ireit Global.

Ireit Global is a real estate investment trust listed in Singapore investing directly and indirectly in a portfolio of real estate through Europe as well as real estate-related assets.

Tikehau’s offer, which is subject to certain conditions, has been accepted by the shareholders of Ireit Global Group Pte. Ltd.

Ireit’s portfolio currently includes five freehold properties in Germany which value is estimated at €441.4m.

Tikehau’s acquisition will further consolidate its position in Asia from Singapore and strengthen its pan-European real-estate capabilities.

Tikehau Capital manages €7.6bn in assets.