On October 10, 2024, Brookfield Asset Management announced its acquisition of European logistics real estate firm Tritax EuroBox in a £1.1 billion (C$1.83 billion) deal, including debt. The cash offer valued each Tritax EuroBox share at 69 pence, compared to a competing bid from Segro at 68.4 pence per share. Tritax, initially supporting Segro, shifted its backing to Brookfield's higher offer, providing greater certainty for shareholders amidst market risks.

Brookfield, a global asset manager with approximately US$1 trillion in assets, planned to integrate Tritax EuroBox's logistics properties across seven European countries into its broader platform. The assets served sectors such as manufacturing, pharmaceuticals, retail, and e-commerce.

Kirkland & Ellis advised the board of directors of Brookfield on its recommended cash offer, with partners Matthew Elliott, Dipak Bhundia, and Gregory Scott leading. DLA Piper also assisted Brookfield, while Norton Rose Fulbright, led by partner Paul Whitelock, advised Citi, Brookfield’s financial advisor. Ashurst represented Tritax EuroBox, with a team led by global chair Karen Davies, alongside Simon Bullock, Lynn Dunne, and Steven Vaz.

This deal continued the trend of major transactions in the European real estate market, reflecting Brookfield's ongoing investments in the UK, including holdings like 100 Bishopsgate and 50% of Canary Wharf.