GIC Real Estate, the real estate unit of Government of Singapore Investment Corporation (GIC) has launched a logistics joint venture with Australian residential, commercial and industrial property developer Australand. The joint venture has a target investment value of $450 million.
As per the agreement, GIC purchased an 80.1% indirect interest in an initial portfolio of eight premium industrial assets from Australand’s existing portfolio. Allens Arthur Robinson advised GIC on the transaction.
Click here for the release from Allens Arthur Robinson.
