ARTICLES LABELLED WITH TAG GIC

16
Dec
2019

GIC scales up P3’s logistics platform through €950 million acquisition

by Property Forum

GIC, Singapore’s sovereign wealth fund, has signed an agreement to acquire a pan-European logistics real estate portfolio (Maximus) from funds managed by affiliates of Apollo Global Management, Inc., a leading global alternative investment manager, for a net consideration of approximately €950 million. This acquisition is in line with GIC’s strategy to scale up its fully-owned P3 logistics platform and reinforce P3’s position as a leading developer and manager of logistics properties in Europe.

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05
Jan
2017

GIC completes €2.4 billion acquisition of P3

by Ákos Budai

GIC, Singapore’s sovereign wealth fund, has completed the purchase of P3, one of the leading pan-European owners, developers and managers of logistics properties, from TPG Real Estate and Ivanhoé Cambridge. The deal, which values the business at €2.4 billion, was first announced in November 2016, but had to be approved by EU regulators before it could be finalised. It is one of the largest European real estate transactions of 2016.

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Latest news

New leases

Apollo-Rida, owner and manager of the Equal Business Park office complex in Kraków, has leased further office space totalling nearly 1,000 sqm. The new tenants are BRB Central Eastern Europe and Roeslein & Associates Poland.
Carrier has decided to stay in Konstruktorska Business Center in Warsaw for the next 6 years. The company has extended its lease agreement for over 500 sqm of office space.
The Alsendo company has decided to lease 1360 sqm of space in Plac Unii in Warsaw for its office. Invesco Real Estate, the owner of the complex, was represented by Colliers in the transaction. Alsendo was advised by Savills.

New appointments

Bartłomiej Polnik has joined Savills as Associate Director, Senior Project & Development Manager PRS & Living Sectors in the PBC department.
Katarzyna Chwalbińska-Kusek has taken on the role of business line head specialising in complex ESG consulting and will lead a multidisciplinary team of experts at Baker Tilly TPA.
Corees Polska announces the addition of Anna Shpatakova to the team as Associate Director. She will be responsible for providing comprehensive advice to office and industrial tenants.

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Property Forum is a leading event hub in the CEE real estate industry with over 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Warsaw, Budapest, Bucharest, Bratislava, Prague, Zagreb and Sofia, amongst other locations.

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