Stockbridge Capital and the world’s third-largest pension fund have entered into a joint venture to acquire 23 logistics warehouses valued at $2 billion, sources have confirmed to The Wall Street Journal.
The press release from Stockbridge Capital shows plans to acquire “core logistics properties” through a newly formed joint venture with the National Pension Service of Korea and an unnamed institutional investor. The group has committed to purchase 14.3 million square feet in Class A logistics...
https://www.freightwaves.com/news/joint-venture-will-nab-2b-logistics-real-estate-portfolio