Singapore's GIC to buy rest of Italian shopping centre
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[HONG KONG] GIC has agreed to buy the remaining 50 per cent stake in Italy's RomaEst Shopping Centre from a fund managed by CBRE Global Investors for an undisclosed sum, the Singaporean sovereign wealth fund and CBRE said in a joint statement on Monday.
RomaEst is located in Lunghezza, about 14 kilometers (8.7 miles) east of central Rome, the transaction will make GIC the sole owner of the shopping centre.
RomaEst comprises of a mall of 208 units, a hypermarket and a 12-screen cinema and the centres main tenants include both international and national brands, the statement added. - Reuters
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
