GIC pays Apollo €950m for 28 distribution facilities in Europe

In what must surely be one of the last deals of 2019, Singapore sovereign wealth fund GIC has acquired 28 distribution facilities from Apollo Global Management.
The Maximus portfolio, costing some €950m, covers more than a million sq metres of industrial space across Europe and GIC said it would integrate it into its existing European warehouse arm, P3 Logistics Parks.
The deal with Apollo – a former shareholder in Ceva Logistics – …

The post GIC pays Apollo €950m for 28 distribution facilities in Europe appeared first on The Loadstar.

Source: The Loadstar

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