GIC and Barzel Properties Buy Assets of R$ 1.2 billion From Carrefour Brazil Group

Posted on 08/17/2023

GIC Private Limited has teamed up with real estate firm Barzel Properties to acquire five distribution centers and four retail stores through a sale-leaseback contract with Carrefour Brazil Group. The deal was valued at R$ 1.2 billion. Barzel Properties will maintain the revenue stream through an inflation-adjusted rental agreement. “We are thrilled to complete the…

Get News, People, and Transactions, Delivered to Your Inbox