GIC, Australian Reit Dexus form A$2b JV to invest in logistics
Add BT as a preferred sourceSingapore
SINGAPORE sovereign wealth fund GIC and Australian Reit Dexus have established a joint venture (JV) known as Dexus Australian Logistics Trust - a new A$2 billion (S$1.99 billion) unlisted trust - to invest in logistics properties Down Under.
Subject to approval, GIC will be the JV's foundation investor, taking an initial 25 per cent investment in the core portfolio, with put and call rights to acquire an additional 24 per cent by June 2020.
TRENDING NOW
Johor property old hand KSL readies family handover amid market boom
Seatrium eyes S$28 billion in project opportunities amid global race for energy security
China targets offshore billions in biggest crackdown in decades
Trek 2000 shares jump 26% after Osim founder Ron Sim drops claims, sells 7.3% stake to Azure Capital
