You are here

Singapore's GIC to invest over 200m euros in Spanish property firm

[SINGAPORE] Singapore sovereign wealth fund GIC has agreed to pay more than 200 million euros (S$252 million) for a 30 per cent stake in unlisted Spanish real estate firm Gmp, the two companies said in a statement on Wednesday. "As a long-term value investor, this is a good opportunity for GIC to gain access to a large and diversified office portfolio in Madrid and leverage on Gmp's local expertise to grow our exposure," said Chris Morrish, regional head of Europe at GIC real estate. - Reuters

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom