GIC forms €300 mil partnership with Exeter to invest in logistics properties

By hockmeng.tay@bizedge.com
Singapore’s sovereign wealth fund GIC has set up a €300 million ($324 million) partnership with US- based Exeter Property Group, a real estate investment manager specialising in logistics, light industrial and related business park properties. The joint venture will invest in logistics properties in key European distribution hubs located in areas with access to motorways, water ports (inland and sea-faring), airports and rail nodes.

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