As one of the cornerstone investors, Metro invested some $41.3 million to take up some 51.6 million DHLT units, or 7.65% of the total.
Metro Holdings has formed a strategic collaboration with Tokyo Stock Exchange-listed Daiwa House Industry Co, to explore further investment collaboration in property asset classes ranging from logistics, commercial and housing in markets across the Asia Pacific region.
It follows Metro’s investment in Daiwa House Logistics Trust (DHLT), which was listed on the SGX on Nov 26 2021. Daiwa House Industry is the sponsor of DHLT.
