05.07.2011 - Allens acts on GIC's first Australian logistics joint venture
Allens Arthur Robinson (Allens) has advised the real estate arm of Government of Singapore Investment Corporation, GIC Real Estate Pte Ltd, on the establishment of an industrial logistics joint venture with Australian residential, commercial and industrial property developer Australand. The joint venture, which has a target investment value of about $450 million, involved GIC acquiring from Australand an 80.1 per cent indirect interest in an initial portfolio of eight premium industrial assets, sourced from Australand's existing portfolio. (Press Release)