GIC establishes $1.4b logistics JV with Australia’s Dexus
Singapore’s GIC Private has formed a joint venture with Australian real estate investment trust (REIT) Dexus to invest A$2 billion ($1.4 billion) in logistics properties in Australia.
Dexus Australian Logistics Trust (DALT) will be seeded with a A$1.4 billion logistics portfolio mostly consisting of assets in Sydney and Melbourne, with an average lease expiry of 5.3 years and occupancy...
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