Singapore sovereign wealth fund GIC has acquired a 25% equity interest in Netherlands-based hotel developer and operator citizenM, valuing the hotel group at €2bn.
The investment makes GIC the third new shareholder (...)
South Korean investors are watching Paris La Défense closely after news Unibail-Rodamco-Westfield has sold the Majunga tower to Seoul-based Mirae Asset Daewoo for €850m.
The deal raises the probability (...)
China is reported to have ordered some investors in Blackstone's former European industrial property firm Logicor, saying the stakes violate regulations on overseas holdings.
The report, by Bloomberg (...)
US investment management giant Blackstone has confirmed that it was the buyer of a five-asset German logistics portfolio reported by the seller Prologis, totalling 157,645 sqm.
A spokesman for the (...)
Paris-based AccorHotels has sold 57.8% of its AccorInvest unit to sovereign funds Public Investment Fund and GIC, institutions Colony NorthStar, Crédit Agricole Assurances and Amundi in a transaction bringing gross proceeds of €4.6bn.
PIF is owned by (...)
Giant Paris-based AccorHotels has agreed to sell 55% in its AccorInvest investment unit to institutions including Saudi Arabia's Public Investment Fund, Singapore's GIC, France's Credit Agricole Assurances and Amundi, and Colony NorthStar. The sale (...)