Announced
Completed
Financials
Tags
Brazil
retailer
Diversified Retailers
Acquisition
Cross Border
Majority
Private
Private Equity
Completed
Friendly
Synopsis
GIC and Barzel Properties, a real estate management and development firm, completed the acquisition of ten Carrefour assets from Carrefour Brazil, a food retail group, for $263m. "We are thrilled to complete the acquisition of nine of Carrefour Brazil Group’s assets alongside our strategic partner, Barzel Properties. GIC is confident in the portfolio’s long-term potential in Brazil, which is underscored by the stores’ strong operational performance and warehouses’ strategic locations in major logistics markets,” Lee Kok Sun, GIC Chief Investment Officer of Real Estate.
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