(Nov 26): GIC, Singapore’s sovereign wealth fund, and Dexus, an Australian REIT, have established the Dexus Australian Logistics Trust, a new A$2 billion (S$2.75 billion) unlisted trust, to invest in logistics properties in Australia.

The joint venture will be seeded with a A$1.4 billion, high-quality logistics portfolio, comprising mostly core logistics facilities in strong performing precincts with good access to major arterial roads, rails and ports. Ninety seven percent of assets are located mostly in Sydney and Melbourne, Australia’s key metropolitan areas and...(click on link for full story on theedgesingapore.com)