| Singapore sovereign wealth fund GIC said on Wednesday (July 13) that it has invested in a real estate fund that has acquired the newly-built Hyundai Logistics Distribution Center in South Korea for US$130 million (S$175 million).
The real estate fund, managed by South Korean ADF Asset Management, had purchased the 126,708sqm, grade-A dry storage logistics center from LogisKowel, the developer of the asset. The center is in the city of Incheon, a prime industrial and logistics hub with strong transport links to major cities nationwide...............................................Full Article: Source
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