GIC Latest Favourite to Buy Salta Portfolio

SALTA Properties is reportedly now in negotiations to sell its industrial portfolio to Singaporean government investment group GIC, for about $220 million.

The GIC offer replaces an earlier reported deal made by Korean pension fund Ikogest Asia.

Salta is selling eight separate logistics facilities in Victoria, New South Wales and Queensland.

Before news of a private sale, the portfolio was expected to be floated.

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