Singapore’s sovereign wealth fund GIC has committed $1.5 billion to a U.S. logistics real‑estate project, partnering with listed REIT Realty Income. The deal focuses on building net‑leased industrial properties that cater to the surge in e‑commerce and last‑mile delivery demand. Realty Income, which launched its first private real‑estate fund last year, will bring its expertise in acquiring and managing high‑quality warehouse assets.

GIC’s investment signals confidence in the U.S. logistics market, which has attracted record capital inflows amid supply‑chain shifts and the rise of online retail. The partnership will create a portfolio of strategically located facilities across key freight corridors, offering tenants long‑term leases and stable cash flows. As the logistics sector continues to expand, the collaboration positions both firms to capture growth while providing investors exposure to a resilient asset class.

Future steps include finalizing site selection, securing zoning approvals, and beginning construction ahead of the next fiscal year.