PR: GIC scales up P3 logistics platform through acquisition of Maximus portfolio for ~€950m

PRESS RELEASE
“Singapore | Prague | New York [13 December 2019] – 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. (NYSE: APO), a leading global alternative investment manager, for a net consideration of ~€950 million. This acquisition is in line with GIC’s strategy to scale up its fully-owned P3 logistics platform …

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Source: The Loadstar

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