GIC, Mega Manunggal to Invest S$1 Billion in Warehouses

  • Both formed investment company for projects in Indonesia
  • Singapore’s state fund recently invested in Germany, U.K.

Singapore’s sovereign wealth fund GIC Pte and Indonesian warehouse provider PT Mega Manunggal Property Tbk are spending a total of S$1 billion ($720 million) over the next three years on warehouses in Southeast Asia’s biggest economy.

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