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GIC invests in fund that bought Korean logistics centre for US$130m

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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.

    GIC

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