Struggling Australian investment giant Babcock & Brown has appointed administrators to its listed arm, Babcock & Brown Ltd. Babcock & Brown confirmed earlier this year that its shareholders are likely to be left with nothing as the company divests its assets - including real estate - over the next few years to pay back some of the A$3.9 bn owned to senior creditors.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
