SINGAPORE -- Singapore's GIC has acquired a logistics facility in Japan for around $400 million, Nikkei Asia has learned, as the sovereign wealth fund sees growing demand in the e-commerce sector and companies push to enhance their supply chains in Asia's most active real estate market.
Property
Singapore's GIC acquires logistics facility in Japan for $400m
Sovereign wealth fund expands local real estate assets amid e-commerce demand
GIC's purchase of a logistics facility in Yokohama follows the Singapore sovereign wealth fund's acquisition of several other warehouses across Japan last year. (GIC)
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