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

ECO3, a prepress and printing solutions provider has become the latest tenant of the Oxygen Park office complex in Warsaw. The company has leased over 1,140 square meters of office space on the 4th floor of Building B.
At the end of the year, Empik is opening its 54th store in Warsaw - in the Ursynów Centre at 427 Puławska St. The store is 146 sqm in size.
Arcade Bee's newest store will soon open in Krakow's Unity Centre complex. The food and service chain will occupy a unit on the ground floor (470 sqm) and the first floor (670 sqm) of the complex.

New appointments

CPI Property Group announced the appointment of Agnieszka Baczyńska, the current Head of Leasing Retail, to the newly created position of Business Excellence Director in Poland. She will be responsible for implementing the operational efficiency strategy and monitoring its progress, as well as supervising projects related to business transformation.
Marta Busłajew joined the 7R team as Head of Marketing and Communications, where she will oversee the development and execution of marketing and communication strategies aligned with 7R's growth plans.
Savills announced that Wojciech Mazur has joined the Office Agency - Landlord Representation. He will support commercial property owners in the processes of leasing.

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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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