GIC to invest in Daiwa House Industry-backed Aichi Logistics Facility.

GIC, a private equity firm, agreed to invest in Japanese real estate developer Daiwa House Industry-backed Aichi Logistics Facility, a logistics facility in Yatomi city. Financial terms were not disclosed. The warehouse was developed and completed in 2022 by Daiwa House Industry. The asset is well‐located in a logistics hub near a major expressway and provides convenient access to the Nagoya central business district and other surrounding regions. As a young and modern asset, the facility is attractive to a wide range of tenants serving both the regional local and regional areas.