GIC to acquire a portfolio of six Japanese logistics assets of Blackstone for $800m.

GIC, a Singaporean sovereign wealth fund, agreed to acquire a portfolio of six Japanese logistics assets of Blackstone, an American alternative investment management company, for $800m. “This acquisition represents an attractive opportunity for GIC to further expand our exposure to logistics assets. This portfolio provides stable and diversified income streams with attractive growth potential, which is well-aligned with GIC’s long-term investment horizon and approach. It is a good addition to our Japan portfolio as we continue to focus in tailwind sectors such as hospitality and logistics,” Goh Chin Kiong, GIC Deputy CIO of Real Estate.