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

Blocks A and B are part of the Hwaseong Dongtan Logistics Complex, which is located 35 km from Seoul, and with good access to the Seoul-Busan Expressway, the No. 1 artery expressway in South Korea.

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...

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