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GIC to buy European logistics portfolio for 950m euros

Acquisition is one of the largest real estate investment deals in Europe this year

The Maximus portfolio spans more than one million square metres of industrial space, comprising 28 assets located in core logistics hubs in Europe.


GIC has signed an agreement to acquire a pan-European logistics real estate portfolio, Maximus, for around 950 million euros (S$1.44 billion) from funds managed by affiliates of alternative investment manager Apollo Global Management.

This is in line with GIC's strategy...

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