Global Logistic Properties Ltd. (GLP), a unit of the Government of Singapore Investment Corp., and China Investment Corp. agreed to buy 15 Japanese warehouses for 122.6 billion yen ($1.6 billion) from LaSalle Investment Management.
The properties, with 770,989 square meters (8.3 million square feet) of space mainly in Tokyo and Osaka, are bought by a 50-50 joint venture owned by Global Logistic and CIC, according to a statement to the Singapore exchange. Full story
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S’pore’s GLP and wealth fund CIC in US$1.6b Japan property deal - The Malaysian Insider
