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Sign in Sign up for a FREE subscriptionGIC-backed fund acquires Brazil’s GPA retail assets
Brazilian retailer GPA has reached a deal to sell as many as 17 of its properties to investment fund Barzel Properties for $232 million.
The properties will be occupied by cash-and-carry chain Assai for 25 years.
Barzel Properties is a joint venture formed by Singapore’s sovereign fund GIC and local investors.
