Dutch real estate company TCN Property Projects has expanded its European network by acquiring a majority stake in UK development company Express Park Group, to form TCN Express Park UK. The newly merged company will be managed jointly by Richard Pearce, currently managing director of TCN UK, and Paul Knell, managing director of the Express Park Group.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
