SUBSCRIBERS
GIC unit to acquire 33 retail logistics assets in Germany
Published Thu, Oct 29, 2020 · 09:50 PM
Singapore
GIC's wholly-owned unit, P3 Logistic Parks (P3), is expanding its presence in Germany, having inked an agreement to acquire 33 retail logistics assets.
The real-estate portfolio is in prime urban locations in major German cities and towns, and spans over 650,000 square metres (sq m) of space, GIC said in a release on Thursday. GIC did not comment on the value of the acquisition.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Blackstone strikes US$1.6 billion student housing deal with KKR
European real estate deals slump to lowest level in 13 years
Singapore Q1 industrial rents rise further, as occupancy dips and prices fall: JTC
Condo resale volumes rebound in March; prices inch up 0.4%: SRX, 99.co
S$16.5 million deal at The Ritz-Carlton Residences tops Q1 gainers; seller reaps S$4.9 million profit
Lucrum Capital looks to sell Killiney hotel site for S$195 million