SSEK Advises GIC on Indonesian Investment in Logistics Sector
SSEK Legal Consultants has acted as Indonesian counsel to GIC, Singapore's sovereign wealth fund, on its partnership with PT Mega Manunggal Property Tbk, an Indonesian publicly listed logistics developer and one of Indonesia's leading modern logistics companies, along with its subsidiaries, to develop logistics warehouses in Indonesia. This is GIC's first investment in Indonesia's logistics sector.
Mr. Loh Wai Keong, managing director and co-head Asia, GIC Real Estate, was quoted in media reports on the deal saying, "We are attracted by the long-term grown of this sector, which is underpinned by the strong consumption of Indonesia's rapidly rising middle class."
Partner Denny Rahmansyah led the SSEK team advising on the deal.
Allen & Gledhill acted as foreign counsel for GIC.