GIC and Exeter form European logistics JV
GIC, Singapore’s $320 billion sovereign wealth fund, has established a €300 million ($327 million) partnership with Exeter Property Group, an industrial real estate investment management specialist, to invest in European logistics.
The partnership will invest in value-added logistics investments in key European distribution hubs that offer easy access to motorways, ports, airports and rail nodes. Exeter will manage the partnership.
GIC has been actively diversifying its global real estate holdings. Recently, the biggest deal involved the sovereign wealth fund’s co-investment with Global Logistic Properties to acquire