GIC has bought another logistics facility developed by Japanese real estate developer Daiwa House Industry for an undisclosed amount.
The four-floor facility in Yokohama provides access to the Greater Tokyo region.
Completed in 2022 and fully occupied, it spans an area of more than 126,000 square metres, making it one of Daiwa House’s largest assets to date.
The facility is fitted with a seismic-base isolation system, which provides additional earthquake resistance. Other features include an open deck, a convenience store and a cafe.
GIC also noted that the facility was designed with elements for social community engagement.
This transaction follows the Singapore sovereign wealth fund’s acquisition of several other logistics assets developed by Daiwa House across Japan.
