GIC-backed Barzel Properties to acquire 17 properties of GPA for $234m.

GIC-backed Barzel Properties, an investment fund, agreed to acquire 17 properties of GPA, a Brazilian retailer, for $234m. The properites will then be rented by cash and carry chain Assai for 25 years, which could be extended for an additional 15 years. The deal still requires approval from Brazil's antitrust watchdog.