GIC forms strategic real estate partnership with Realty Income

Singapore's GIC has established a strategic partnership with US net-lease REIT Realty Income, anchored by a joint venture worth more than $1.5 billion to develop and acquire build-to-suit logistics assets across the United States. GIC also closed a cornerstone investment in Realty Income's U.S. Core Plus open-end fund, and the partnership will extend to a $200 million takeout commitment for a Mexico-based industrial portfolio. The deal deepens GIC's direct exposure to the US net-lease and logistics sectors through a long-term capital partnership with an established American operator.

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