Brookfield Asset Management Inc. (TSX:BAM.A) agreed to acquire Hibernia REIT Plc (ISE:HBRN) from Universal-Investment-Gesellschaft Mit BeschrÄNkter Haftung and others for €1.1 billion on March 25, 2022. The deal is subject to approval from Hibernia REIT Plc's shareholders and board, regulatory board and high court. As of March 25, 2022 Hibernia REIT Plc board approved the deal.

The deal will be declared effective in late Q2 2022. As of June 9, 2022, the transaction is slated to close on June 15, 2022 following a High Court hearing to approve a scheme of arrangement that will give effect to the deal. Credit Suisse International and Goodbody Stockbrokers UC acted as financial advisor to Hibernia REIT Plc.

J.P. Morgan Securities plc, Société Générale Société anonyme (ENXTPA:GLE) and Goldman Sachs International acted as financial advisor to Brookfield Asset Management Inc. while Gregory Scott; Matthew Elliott, Francesca Harris, Luke Forryan of Kirkland & Ellis LLP and Arthur Cox LLP acted as legal advisor. A&L Goodbody acted as legal advisor to Hibernia REIT Plc. SG Corporate & Investment Banking acted as Financial advisor to Brookfield.