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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

GIC, Mega Manunggal to Invest S$1 Billion in Warehouses

Posted on 21 October 2016

Singapore’s sovereign wealth fund GIC Pte and Indonesian warehouse provider PT Mega Manunggal Property Tbk are spending a total of S$1 billion ($720 million) over the next three years on warehouses in Southeast Asia’s biggest economy.
GIC, through its subsidiary Reco Indolog Pte, and Mega Manunggal formed Mega Khatulistiwa Properti, an investment company which already started construction of three warehouses with over 115,000 square meters of total net leasable area, Mega Manunggal said in a statement to the Jakarta stock exchange on Thursday. The three projects will be completed in 2017…………………………………….Full Article: Source


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