| Singapore’s sovereign wealth fund, GIC, has completed the largest European property deal of the year so far with the acquisition of warehouse developer, P3 Logistics Parks for 2.4 billion euros (US$2.7 billion).
P3 Logistics, based in the Czech Republic, is one of Europe’s largest fully integrated logistics platforms and developers” with 163 “high-quality” warehouses across nine countries on the continent. Acquired from U.S.-based TPG Real Estate and its Canadian partner Ivanhoe Cambridge, the purchase is GIC’s first foray into the European logistics market following significant investment into platforms across Asia Pacific and the U.S...............................................Full Article: Source
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