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FINANCIAL NEWS
Abu Dhabi’s ADIC, Goodman to enter into USD1b Japan investment
08 Sep 2012
(MENAFN) Abu Dhabi Investment Council (ADIC) is set to develop more than USD1 billion worth of logistics facilities in Japan, in partnership with an Australia’s Goodman Group, Arabian Business reported.
The two entities will form the Goodman Japan Development Partnership (GJDP), which is a 50/50 venture, Goodman said in a statement.
The two partners allocated USD500 million of equity to the joint company, with its leverage capability allowing for an initial investment target in excess of USD1 billion, the statement added.
GJDP said it will launch with an initial investment in three prime development projects in the key logistics markets of Tokyo Bay and Osaka.
Total leasable area for those developments will be 250,000 sq m and an estimated end value in excess of USD700 million.
Japan’s distribution centers are drawing investors as the market rebounds from record-high vacancies about two years ago.
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
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24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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