Overview

• Pontegadea has agreed to buy a 49% stake in UK port operator PD Ports from Brookfield Asset Management, subject to routine regulatory approvals.
• Brookfield will remain a long-term shareholder and partner, working with Pontegadea to support PD Ports’s future growth.
• As the statutory authority for the River Tees, PD Ports contributes £1.4 billion annually to Teesside’s economy and sustains 22,000 supply-chain jobs.
• PD Ports CEO Frans Calje described the deal as a “new and bold chapter” and reaffirmed plans for targeted investments across its UK sites.
• Pontegadea is in negotiations to purchase Miami’s Sabadell Financial Center from KKR and Parkway for $275 million to expand its premium real estate holdings.