GIC now sole proprietor of Italian shopping complex

The 208-unit mall is located east of Rome.

Singapore’s sovereign wealth fund GIC has agreed to buy the remaining 50% stake in Italy's RomaEst Shopping Centre for an undisclosed sum, Reuters reported today.

The centre’s assets are managed by CBRE Global Investors. RomaEst is located in Lunghezza, about 14 kilometers (8.7 miles) east of central Rome.

RomaEst comprises of a mall of 208 units, a hypermarket and a 12-screen cinema and the centres main tenants include both international and national brands, the statement added.

Read the full report here.

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