Singapore’s GIC to Double its Logistics Presence in Spain

18 February 2020 – Cinco Días

Singapore’s GIC fund is continuing to back the logistics market and increase its presence in Spain. Through its subsidiary P3 Logistic Parks, the company has set itself the objectives of expanding its logistics surface area to span more than 1 million m2 within three or four years and of becoming one of the three largest companies in the logistics sector, according to Cinco Días.

P3 Logistic Park, which has operated in the Spanish market since 2017, owns 18 logistics warehouses with a combined surface area of almost 570,000 m2. It also has 116,000 m2 of land to develop.

Original Story: Cinco Días

Translation/Summary: Carmel Drake