Nov 26 (Reuters) - Real estate developer Dexus (DXS) said it had agreed to set up a A$2 billion ($1.45 billion) trust with Singapore's sovereign wealth fund GIC to invest in Australian logistics properties.
The joint venture will be known as the Dexus Australian Logistics Trust and will be seeded with assets from Dexus' existing industrial portfolio, the company said in a statement on Monday.
($1 = 1.3839 Australian dollars)
News: DXS Australia's Dexus to establish $1.45 bln trust with Singapore's GIC
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