Americold Realty Trust (NYSE : COLD) completed the acquisition of Lago Cold Stores in Brisbane.
November 15, 2021
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Americold Realty Trust (NYSE : COLD) agreed to acquire Lago Cold Stores in Brisbane for AUD 106.4 million on August 5, 2021. As of November 4, 2021, The regulatory approval has received. The acquisition is expected to close in the fourth quarter of 2021. Ayman Guirguis, Daniel Atkin, Samuel Brown, Mei Gong, Roddy Johnson, Damiano Castelli, Adam Levine, Michaela Moloney, Stephen Hardy, John Rodney and Matthew Cridland of K&L Gates LLP acted as legal advisor to Americold.
Americold Realty Trust (NYSE : COLD) completed the acquisition of Lago Cold Stores in Brisbane on November 15, 2021.
Americold Realty Trust, Inc. is a real estate investment trust (REIT). The Company is focused on the ownership, operation, acquisition and development of temperature-controlled warehouses. The Company is organized as a self-administered and self-managed REIT. The Company operates through three segments: Warehouse, Third-party managed and Transportation. It operates a global network of approximately 245 temperature-controlled warehouses encompassing approximately 1.5 billion cubic feet, with 197 warehouses in North America, 27 in Europe, 19 warehouses in Asia-Pacific, and two warehouses in South America. The Company holds hold minority interests in two joint ventures, one with SuperFrio, which owns or operates 35 temperature-controlled warehouses in Brazil, and one with the RSA JV, which owns two temperature-controlled warehouses in Dubai. Its handling services optimize its customerâs product movement through the cold chain, including placement, and other recurring handling services.