The Government of Singapore Investment Corporation (GIC) is, after an extended break, promoting the development of a large logistics center. It is noteworthy that GIC, a major player in the Korean logistics center market, is resuming its logistics center development project that had been halted due to rising construction and financing costs. GIC has partnered with Gravity Asset Management for this project. GIC and Gravity have worked together several times before on logistics center investments. Last year, they completed the conversion of the Bucheon Naedong logistics center from refrigerated to room temperature and completed the pre-purchase. They also completed the pre-purchase of the Bukcheonan logistics center, which attracted […]