In today’s roundup of regional news headlines, troubled developer Jingrui Holdings defaults on an offshore bond that came due this week, and Singapore sovereign fund GIC’s joint venture with Dream Industrial REIT completes its $4.4 billion acquisition of Summit REIT.
GIC Joint Venture Buys Out Canadian Logistics REIT for $4.4B in Cash
GIC is teaming up with a Canadian partner to buy out Toronto-listed Summit Industrial Income REIT for C$5.9 billion ($4.37 billion), as the Singaporean sovereign wealth fund makes its second mega-investments in logistics real estate in less than a week.