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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Singaporean fund GIC takes over P3 on the biggest real estate deal this year in Europe

Posted on 08 November 2016

The Singaporean sovereign wealth fund GIC will buy P3 Logistics Parks, which has investments in Romania, following a deal worth 2.4 billion Euro, the biggest real estate deal in Europe this year. P3, one of the biggest owners, developers and administrators of logistics assets across Europe, will be acquired by GIC from TPG Real Estate and its partner Ivanhoe Cambridge.
The sellers had taken over P3 in 2013. Since then, the group has expanded and reached a portfolio of 3.3 million square meters of logistics space. The international transaction is expected to close by the end of 2016, pending regulatory approvals………………………………………Full Article: Source


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