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
Simba ordered to pay S$700,000 in damages to indoor skydiving operator Altitude Xperience for trespass
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
Great Eastern goes on the high-net-worth offensive, but don’t call it a pivot
UK PM Starmer resigns; new leader to be in place by September
