Centerbridge Partners and GIC Real Estate completed the acquisition of the remaining 85.2% stake in INDUS Realty Trust for $868m.

Centerbridge Partners, a multi-strategy private investment firm, and GIC Real Estate, a real-estate arm of Singapore's sovereign wealth fund, completed the acquisition of the remaining 85.2% stake in INDUS Realty Trust, a US-based industrial and logistics REIT, for $868m. “After conducting an extensive process to explore the Company’s strategic alternatives, we are pleased to have reached an agreement with Centerbridge and GIC. The transaction delivers immediate and significant value to our stockholders, and we believe it validates the quality of the platform and portfolio we have built over INDUS’ long history. I would like to extend my thanks to the entire Board and management team for their hard work during this process, and for their unwavering commitment to act in the best interests of our stockholders,” Michael Gamzon, INDUS President and CEO.