09.11.2016 - Singapore wealth fund GIC inks Europe's biggest real-estate deal of 2016
Singaporean sovereign wealth fund GIC will buy P3 Logistics Parks for $2.7 billion in what's being called Europe's largest real-estate deal of 2016. GIC will buy P3 Logistics Parks for 2.4 billion euros ($2.7 billion), the Singaporean sovereign wealth fund said on Monday, in what it said was Europe's largest real-estate deal of 2016. P3, which runs logistics properties across Europe, was sold by TPG Real Estate and IvanhoƩ Cambridge. With more 163 warehouses across nine countries, P3 has 11 new sites are under construction, with 300,000 square metres of approved development scheduled by year-end...........................................Full Article: Source
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