The Business Times
business-time-50

European logistics real estate fund sells assets to Blackstone

google-preferred-sourceAdd BT as a preferred source
Genevieve Cua

Genevieve Cua

Published Wed, Jan 19, 2022 · 09:50 PM

Singapore

A EUROPEAN logistics real estate fund managed by Elite Partners Capital has completed the sale of its entire portfolio to a fund managed by the Blackstone Group for 520 million euros (S$795 million).

The sale has enabled the closed-ended Elite Logistics Fund I, listed on private exchange ADDX, to achieve an annualised return more than double its 12 per cent per annum target.

LogisticsBlockchainsmart contracts

TRENDING NOW

Japan’s data centre market is underpinned by increasing domestic enterprise workloads, cloud adoption and rising AI workloads.

Singapore data centre Reits chase Japan deals as power crunch raises stakes

Canadian Prime Minister Mark Carney speaking at a press conference in Ottawa, on Aug 22, after trade talks with the US collapsed.

Canada’s fight with the US has far bigger stakes than trade

Senior Judge Lee Seiu Kin rejects Chander Agarwal’s characterisation of the expenses as loans, pointing to a pattern of lavish spending on Felicia Lee.

Hell hath no fury like a man scorned: CEO’s S$468,000 suit against ex fails after relationship sours

Nike, which has shed more than US$200 billion in market value from its November 2021 peak, exits the S&P 100 index in September 2026.

Nike, Lululemon, Shein woes: A silver lining in Singapore’s lack of listed consumer brands

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More