Metro Group signs MOU with Daiwa House Industry for strategic collaboration

Chloe Lim
Chloe Lim1/12/2022 6:26 PM GMT+08  • 2 min read
Metro Group signs MOU with Daiwa House Industry for strategic collaboration
Metro Holdings collaborates with Daiwa House Industry by executing a memorandum of understanding (MOU)
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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.

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.

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