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GIC buys two distribution centres in South Korea for US$570m

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Published Wed, Dec 19, 2018 · 09:50 PM

    GIC on Wednesday said it will buy two distribution centres in the Greater Seoul area for US$570 million through a real estate fund.

    It said it would acquire Blocks A and B of Hwaseong Dongtan Logistics Complex in Gyeonggi Province in South Korea.

    The Singapore sovereign wealth fund said Blocks A and B are two prime-grade distribution centres that are newly completed.

    GIC

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