GIC’s €569 mln sale of the O2 Tower follows the €650 mln sales of Highlight Towers in May and MediaWorks in April.
Munich has attracted over €1.8 bn of capital in these three transactions alone in Q2 2021. Back in 2007 when GIC acquired the 50,700 m2 O2 Tower, the sovereign wealth fund paid €300 mln.
In a counter-cyclical strategy, a group of investors set up a new vehicle to buy Nordic shopping centres, securing the first five assets in Norway, for €473 mln.
Four funds launched or raised equity. Henderson Park is ready to embark on its second vehicle after investing $2.2 bn for its first. Greystar closed its pan-European residential fund with €725 mln.
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