SINGAPORE, 4 December 2023 – GIC, a leading global investment firm, announces that it has acquired two logistics facilities developed by Daiwa House Industry (“Daiwa House”), a top class Japanese real estate developer.
The assets, located in Takatsuki city (in Greater Osaka) and Tosu city (in Greater Fukuoka), were completed in 2023 and 2021, respectively. Both properties have modern building specifications that cater to a wide range of tenants. In addition, they are well-located in regional logistics hubs with convenient transportation access via major roads and expressways.
GIC has acquired several logistics facilities developed by Daiwa House this year, including a portfolio of six warehouses across Japan (owned by another general partner), and more recently, a warehouse located in Yatomi city (in Greater Nagoya) from Daiwa House. This latest acquisition reflects GIC’s continued commitment to Japan and the logistics sector with trends such as e-commerce and supply chain optimisation supporting demand.