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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

GLP agrees to pay $1.36 bln for real estate assets in Brazil

Posted on 06 March 2014

Global Logistic Properties Ltd. (GLP), the real estate development firm partly owned by Singapore’s sovereign-wealth fund, agreed to pay BR Properties SA (BRPR3) 3.18 billion reais ($1.36 billion) for assets in Brazil.
GLP is buying 34 industrial and logistic sheds, according to a regulatory filing today by Sao Paulo-based BR Properties, which said it will use the proceeds to reduce debt. The deal depends on approval from antitrust regulators………………………………………..Full Article: Source


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