| Singapore sovereign wealth fund GIC, formerly known as Government of Singapore Investment Corporation, joined a real estate fund that acquired newly-built Hyundai Logistics Distribution Center located in Incheon, South Korea, from its developer LogisKoel for $130 million, GIC said in a statement on Wednesday. It did not specify the value of its investment in the fund.
The real estate fund is managed by ADF Asset Management Co., an asset management company specialized in South Korea’s logistics sector. Hyundai Logistics Distribution Center on a site of 126,708 square meters is located in Incheon, a prime industrial and logistics hub with strong transport links to major cities nationwide, GIC said in a statement...............................................Full Article: Source
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