SUBSCRIBERS
GIC unit to acquire 33 retail logistics assets in Germany
Add BT as a preferred source
Nisha Ramchandani
Published Thu, Oct 29, 2020 · 09:50 PM
Singapore
GIC's wholly-owned unit, P3 Logistic Parks (P3), is expanding its presence in Germany, having inked an agreement to acquire 33 retail logistics assets.
The real-estate portfolio is in prime urban locations in major German cities and towns, and spans over 650,000 square metres (sq m) of space, GIC said in a release on Thursday. GIC did not comment on the value of the acquisition.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
