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Sovereign Wealth Funds Briefing - Categorized | Investment

China sovereign fund to invest in Japan warehouses

Posted on 21 December 2011

Sovereign wealth fund China Investment Corp. (CIC) will join with Global Logistic Properties (GLP) to acquire 15 storage facilities in Japan, with a total value of $1.6 billion.
Global Logistic said it will set up a 50-50 joint venture with CIC to purchase warehouses which have a total area of 771,000 square meters and are mostly located in Tokyo and Osaka. The facilities are currently owned by LaSalle Investment Management, a division of global real estate service provider Jones Lang LaSalle. GLP will be responsible for managing these assets after the acquisition, it said………………………………………..Full Article: Source


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