Serious s'pore inc lost billions in india!!!
- Thread starter krafty
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Is it the ah neh land equivalent of Suzhou?
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There is a good reason why investors shun india and before jokowi, indonesia.. Projects cannot get off the ground due to allegations of corruption from rivals. The court process will take years to settle. Or companies will be slapped with hefty tax demand.
PAP very naive, think political power never changes hands in other countries just like in Sinkieland, so everyone happy-happy business as usual forever.
As long they politically in control. Does it matter?
What's the consequence to them ? Nothing
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Consider the loss as part of PAP csr, corporate social responsibility.
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GIC to buy European logistics portfolio for 950m euros
FRI, DEC 13, 2019 - 9:30 AM
VIVIENNE TAY
Valeo, Wemding, Germany.png GIC has signed an agreement to acquire a pan-European logistics real estate portfolio, Maximus, for around 950 million euros (S$1.44 billion) from funds managed by affiliates of alternative investment manager Apollo Global Management. PHOTO: APOLLO GLOBAL MANAGEMENT
GIC has signed an agreement to acquire a pan-European logistics real estate portfolio, Maximus, for around 950 million euros (S$1.44 billion) from funds managed by affiliates of alternative investment manager Apollo Global Management.
This is in line with GIC's strategy to scale up its wholly-owned P3 logistics platform, Singapore's sovereign wealth fund announced on Friday.
Headquartered in Prague, P3 manages and develops European warehouse properties, and has operations in 13 countries. It has over 5.3 million square metres (sq m) of assets under management and land bank for further development.
The Maximus portfolio spans more than 1 million sq m of industrial space. It comprises 28 assets located in core logistics hubs such as Germany, Poland, Slovakia, Netherlands, Belgium and Austria. P3 will manage the portfolio.
Maximus has a diversified tenant base which includes companies in the automotive, e-mobility, distribution, e-commerce and last-mile logistics sectors.
SEE ALSO
GIC to buy European logistics portfolio for 950m euros
The Business Times
Year-end newsletter: Mentorship special
We’ll be curating stories from management guru John Bittleston and making them free to read.
"As a long-term value investor, logistics continues to be an attractive sector for GIC," said Lee Kok Sun, GIC Real Estate chief investment officer. The sector will keep growing, supported by strong e-commerce growth, and is expected to generate steady income streams in the long run, Mr Lee added.
The acquisition is one of the largest real estate investment deals in Europe this year and the largest in Germany, according to P3 Logistic Parks chief investment officer Otis Spencer.
With GIC's support, P3 is also actively looking for further investment deals to strengthen its position in Europe, Mr Spencer said.
The Maximus acquisition is expected to close in the first quarter of 2020, subject to customary closing conditions and any requisite regulatory approvals.
FRI, DEC 13, 2019 - 9:30 AM
VIVIENNE TAY
Valeo, Wemding, Germany.png GIC has signed an agreement to acquire a pan-European logistics real estate portfolio, Maximus, for around 950 million euros (S$1.44 billion) from funds managed by affiliates of alternative investment manager Apollo Global Management. PHOTO: APOLLO GLOBAL MANAGEMENT
GIC has signed an agreement to acquire a pan-European logistics real estate portfolio, Maximus, for around 950 million euros (S$1.44 billion) from funds managed by affiliates of alternative investment manager Apollo Global Management.
This is in line with GIC's strategy to scale up its wholly-owned P3 logistics platform, Singapore's sovereign wealth fund announced on Friday.
Headquartered in Prague, P3 manages and develops European warehouse properties, and has operations in 13 countries. It has over 5.3 million square metres (sq m) of assets under management and land bank for further development.
The Maximus portfolio spans more than 1 million sq m of industrial space. It comprises 28 assets located in core logistics hubs such as Germany, Poland, Slovakia, Netherlands, Belgium and Austria. P3 will manage the portfolio.
Maximus has a diversified tenant base which includes companies in the automotive, e-mobility, distribution, e-commerce and last-mile logistics sectors.
SEE ALSO
GIC to buy European logistics portfolio for 950m euros
The Business Times
Year-end newsletter: Mentorship special
We’ll be curating stories from management guru John Bittleston and making them free to read.
"As a long-term value investor, logistics continues to be an attractive sector for GIC," said Lee Kok Sun, GIC Real Estate chief investment officer. The sector will keep growing, supported by strong e-commerce growth, and is expected to generate steady income streams in the long run, Mr Lee added.
The acquisition is one of the largest real estate investment deals in Europe this year and the largest in Germany, according to P3 Logistic Parks chief investment officer Otis Spencer.
With GIC's support, P3 is also actively looking for further investment deals to strengthen its position in Europe, Mr Spencer said.
The Maximus acquisition is expected to close in the first quarter of 2020, subject to customary closing conditions and any requisite regulatory approvals.
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At least suzhou industrial park materialised. In ah neh land, nothing will happen out of a signed contract.
The next idiots to realise they've been conned will be the Japs over the high speed rail project. Since the contract was agreed in 2016 nothing has moved because of delays over land acquisition. And the ah nehs have brought forward the completion deadline to 2023. Lol
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Ah nehs are snakes..ceca benefits singkies? Only retards will believe that
