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

Hyundai Logistics Distribution Centre is a Grade A dry-storage logistics centre located in Icheon. The city is a prime industrial and logistics hub with strong transport links to major cities all over South Korea.


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...