Singapore’s GIC Buys Assets From Japan’s Daiwa House

Singapore sovereign wealth fund GIC has announced that it has acquired two logistics facilities developed by Japanese real estate company Daiwa House Industry in Japan. GIC did not disclose the value of the acquisition in a statement. The assets are located in the Takatsuki city in Greater Osaka (completed in 2023), and the Tosu city in Greater Fukuoka (2021), GIC said.

GIC, an investor in Japan for more than three decades, has bought a number of logistics facilities developed by Daiwa House in Japan this year. In July, it announced the purchase of a warehouse located in the Yatomi city in Greater Nagoya from Daiwa House.

GIC said the latest acquisition reflects its “continued commitment to Japan and the logistics sector with trends such as e-commerce and supply chain optimisation supporting demand”.