| The Republic's sovereign wealth fund GIC will invest more than €200 million to take a roughly 30 per cent stake in Spanish real estate company Gmp, the two organisations said in a statement on Monday (Sep 29). The investment by GIC will help Gmp strengthen its position as a major investor in the office and business park segment in Madrid and Barcelona.
Following GIC's investment, Gmp will embark on a strategic plan which focuses on three main pillars: selective investment in office buildings, active management of the existing Gmp portfolio, including refurbishment work and improving energy efficiency, and selling non-strategic assets so that funds can be re-invested in properties with greater value creation potential...............................................Full Article: Source
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