Sin­ga­pore’s GIC, Aus­tralia’s Dexus to es­tab­lish $1.45 bil­lion lo­gis­tics trust

Asia Outlook - - News -

Aus­tralian real es­tate de­vel­oper Dexus and the Sin­ga­pore’s sov­er­eign wealth fund GIC have part­nered up to launch a new A$2 bil­lion (US$1.45 bil­lion) lo­gis­tics trust.

The joint ven­ture, known as the Dexus Aus­tralian Lo­gis­tics Trust, will be used to in­vest in Aus­tralian lo­gis­tics prop­er­ties, with a 97

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