07.04.2016 - GIC buys 25% of French property management firm CeGeREAL
An affiLiate of Singapore's sovereign wealth fund GIC has inked an agreement to buy a 25 per cent stake in CeGeREAL, a French property management firm, at 35.65 euros per share. The purchase from Northwood Investors values CeGeREAL at 476.73 million euros (S$732.7 million), based on the total number of shares at the end of 2015, GIC announcd on Thursday (April 7). After the completion of the transaction, Northwood's entities will hold in concert 57.48 per cent of CeGeREAL.The privately-held global real estate investment and management firm has about US$9 billion in total assets under management...............................................Full Article: Source
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