UPDATE 2-Singapore’s GLP, China in $1.6 bln Japan property deal

December 19, 2011 | Opportunity

SINGAPORE/HONG KONG, Dec 19 (Reuters) – ChinaInvestment Corp (CIC) and Singapore’s Global Logistic Properties(GLP) are teaming up to buy 15 logistics facilities in Japan for$1.6 billion, in what will be the Chinese sovereign wealthfund’s maiden foray into Japanese real estate. CIC and GLP, whose largest shareholder is Singapore wealthfund GIC, will each take a 50 percent stake in a jointventure …
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