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GIC, Barzel Properties acquire nine Carrefour Brazil assets

GIC says Barzel Properties will ensure “a stable, long-term revenue stream through a rental agreement, adjusted annually for inflation”. ....

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Weekly Digest: China wealth fund to hold meeting in Hong Kong | Asset Owners

Weekly Digest: China wealth fund to hold meeting in Hong Kong | Asset Owners
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Singapore's GIC acquires nine Carrefour assets in Brazil for $241m

Singapore's state investor GIC announced that it has partnered with Barzel Properties to acquire nine Carrefour assets in Brazil for about $241 million. ....

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GIC and Barzel Properties Buy Assets of R$ 1.2 billion From Carrefour Brazil Group

GIC Private Limited has teamed up with real estate firm Barzel Properties to acquire five distribution centers and four retail stores through a sale-leaseback contract with Carrefour Brazil Group. The deal was valued at R$ 1.2 billion. Barzel Properties will maintain the revenue stream through an inflation-adjusted rental agreement. “We are thrilled to complete the…
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