Weekly Digest: GIC invests in Japan logistics; Korea Post eyes London office
GIC to invest more than $800 million to acquire logistics facilities in Japan; Korea Post mulls second overseas office; Hong Kong MPF's offset mechanism to end on May 1, 2025; and more.
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Singaporean sovereign wealth fund GIC has said it will invest more than $800 million to fully acquire a portfolio of six logistics facilities in Japan from Blackstone, an alternative asset manager.
The assets were developed by Daiwa House Industry, a Japanese real estate developer.
The portfolio comprises six modern warehouses with an average age of five years across Japan.
“This acquisition represents an attractive opportunity for GIC to further expand …
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