Industrial Gate and GIC formed a joint venture in a $450m deal.

Industrial Gate, a developer and operator of Class A industrial real estate in Mexico, and GIC, a Singaporean sovereign wealth fund, formed a joint venture in a $450m deal. "The industrial sector in Mexico is at an inflection point. This joint venture will allow us to lead the development of real estate solutions for multinational companies looking to strengthen their supply chains," Gregorio Schneider, Industrial Gate and TC Latin America Partners CIO.