13.09.2016 - GIC to buy P3?
GIC, the sovereign wealth fund of Singapore, is rumoured to be in advanced negotiations to buy P3, reports Ziarul Financiar quoting market sources. A formal announcement could be made by the end of the year. Australian group Macquarie is also reported to be interested in purchasing the warehouse developer. P3 was acquired by TPG Real Estate and Ivanhoe Cambridge in 2013. P3’s asset base now comprises 163 warehouses, totaling 3.3 mln sqm of space across nine countries as well as a land bank with zoning for more than 1.4 mln sqm of potential development. Ziarul Financiar estimates the company’s value at around EUR 3 bln...............................................Full Article: Source
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