GIC sells Poland warehouse to Elite Partners for more than $35.7m

GIC sells Poland warehouse to Elite Partners for more than $35.7m

Photo: Pixabay

Singapore sovereign wealth fund GIC has sold a warehouse in Mszczonow, Poland, to private equity fund Elite Partners Capital for more than 30 million euros, or around $35.7 million.

Elite Partners, based in Singapore, said Monday the deal is aimed at building up its portfolio of European specialized logistics assets to address COVID-19-related disruptions.

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