GIC JV Snaps Up Landmark Berlin Hotel for €126M
GIC, Singapore’s sovereign wealth fund, continues to go shopping for properties in Europe. After purchasing a trophy office tower in Paris less than a month ago, GIC has now partnered with Caleus Capital Investors to acquire a landmark hotel in Berlin in an off-market transaction.
The five star hotel, Hotel de Rome, was purchased through a joint venture between GIC and Berlin-based investment firm – with the hotel being purchased from a fund managed by Commerz Real, the real estate investment arm of Commerzbank.
Full article by James Hatton, Mingtiandi View full article here