LONDON: Tritax Big Box REIT plc (BBOX) announced Monday it has agreed to acquire a £1.035 billion ($1.32 billion) portfolio of logistics properties from funds advised by Blackstone Europe LLP, a move that significantly expands its holdings in the high-demand UK logistics market. The acquisition, expected to close on or around Oct. 22, 2025, will…
LONDON: LondonMetric and Urban Logistics have agreed to the terms of a recommended cash and share offer, paving the way for LondonMetric to acquire Urban Logistics in a deal valued at approximately £698.9 million. The acquisition will be carried out under a scheme of arrangement in accordance with Part 26 of the Companies Act, the…
PARIS: Renault Group and Volvo Group have announced the completion of their joint venture, Flexis SAS, marking a significant leap in the production of next-generation electric vans. The new venture, which follows the binding agreements signed on October 6th, 2023, has received all necessary regulatory approvals and is poised to revolutionize urban logistics with its…