| Singapore sovereign wealth fund GIC formed a €300 million ($328 million) real estate partnership with Exeter Property Group, said a joint news release from the fund and real estate manager. Exeter will “acquire and actively manage the assets and implement value-add strategies including development and redevelopment to generate stable, long-term income returns,” the news release said.
The partnership will target “logistics properties in European distribution hubs, which offer easy access to motorways, water ports, airport and rail nodes,” the release said. The growing trend of e-commerce, supply-chain reorganization and demand for third-party logistic providers will increase demand for these properties over the long term, Exeter and GIC predict...............................................Full Article: Source
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