Amazon speeds up deliveries with a shift to regionalised US model
Amazon has revamped its US operation, shifting from a centralised network to a regional set-up, ...
In what must surely be one of the last deals of 2019, Singapore sovereign wealth fund GIC has acquired 28 distribution facilities from Apollo Global Management.
The Maximus portfolio, costing some €950m, covers more than a million sq metres of industrial space across Europe and GIC said it would integrate it into its existing European warehouse arm, P3 Logistics Parks.
The deal with Apollo – a former shareholder in Ceva Logistics – will close in the first quarter of 2020, according to Mingtiadi. It is the largest real estate deal made in Germany this year, and one of the largest in Europe.
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