P3 to expand across Europe
Investment & financeschedule 13 December 2019
One of the properties to change hand is a DHL centre in Wrocław
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EUROPE GIC, Singapore’s sovereign wealth fund,has signed an agreement to acquire a pan-European logistics real estate portfolio from funds managed by Apollo Global Management, for around EUR 950 mln for its P3 Logistics Park platform.
With over 1,000,000 sqm of industrial space, the Maximus portfolio comprises 28 logistics assets in Germany, Poland, Slovakia, the Netherlands, Belgium and Austria. The portfolio will be managed by P3 and enable it to build up its foothold in Western Europe. The acquisition is expected to close during the first quarter of 2020, subject to customary closing conditions and any requisite regulatory approvals.
“As a long-term value investor, logistics continues to be an attractive sector for
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