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Singapore's state investor GIC announced that it has partnered with Barzel Properties to acquire nine Carrefour assets in Brazil for about $241 million.
GIC Private Limited has teamed up with real estate firm Barzel Properties to acquire five distribution centers and four retail stores through a sale-leaseback contract with Carrefour Brazil Group. The deal was valued at R$ 1.2 billion. Barzel Properties will maintain the revenue stream through an inflation-adjusted rental agreement. “We are thrilled to complete the…