Kirkland wins first mandate from Singapore’s GIC in biggest European real estate deal of the year

Kirkland & Ellis has advised opposite Freshfields Bruckhaus Deringer in the largest European real estate transaction of the year as Singaporean sovereign wealth fund GIC picked up P3 from TPG Real Estate for $2.7bn.

GIC signed a deal to acquire P3 from TPG Real Estate and its shareholder Ivanhoe Cambridge last week (4 November) in a deal which spans across nine jurisdictions. The transaction is subject to regulatory approval and is expected to close by the end of 2016.

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