The Business Times
business-time-50

GIC enters into JV deal to acquire, develop logistics properties in Europe

google-preferred-sourceAdd BT as a preferred source
Published Mon, Nov 16, 2020 · 09:50 PM

Singapore

GIC has entered into a joint-venture (JV) agreement with Europe's Melcombe Partners to acquire and develop urban logistics properties in Europe.

The venture will acquire and develop last-mile distribution centres and urban logistics assets well-located in Europe's main gateway cities, with a focus on the United Kingdom, France, Germany, Spain and the Netherlands, GIC said on Monday.

GICLogisticsE-commerce

TRENDING NOW

Eugene Lai (left) says that he was sharing a view with Tan Chian Khong that the board needed a refresh and that it was not an explicit direction to resign.

CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh

In the last round of bidding, the premium for Category B was S$980 more than that for Category A.

Cat A COE rate exceeds Cat B for third time in 4 months; premiums largely down

Some industry watchers wonder if Orchard Road can hold its own next to competing retail destinations, both global and local.

What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future

Those whose employers actively discourage the use of AI at work have the lowest mental health score.

Singapore workers experiencing rising anxiety; signs of fallout from pressure to use AI

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More