SUBSCRIBERS
GIC invests in fund that bought Korean logistics centre for US$130m
Published Wed, Jul 13, 2016 · 09:50 PM
Singapore
SINGAPORE sovereign investor GIC has pumped money into a real estate fund that has acquired the newly built Hyundai Logistics Distribution Centre for US$130 million from LogisKoel, developer of the asset.
The real estate fund is managed by ADF Asset Management Co Ltd, an asset management company specialising in South Korea's logistics sector.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Luxury private home rents jump in Q1 amid wider market slump: Huttons Asia
Evictions surge in Arizona with housing shortage and rising prices
China property shares firm after Politburo highlights clearing inventory
Dubai billionaire’s children plan to revive troubled world islands
UK commercial real estate lending plunges to lowest in a decade
Hybrid, flexible working set to curb Singapore office usage and rents