LOGOS Singapore Logistics Venture, backed by Toronto-headquartered Canada Pension Plan Investment Board (CPPIB) and Montreal-based global real estate company Ivanhoe Cambridge, in partnership with new investors Bouwinvest Real Estate Investors (Netherlands) and LaSalle Global Partner Solutions (U.S.), have acquired the 25-hectare REC solar manufacturing site in Tuas South, Singapore in a US$430-million deal. The partners have acquired the property through a long-term sale-and-leaseback agreement with the Singapore arm of the global solar firm, REC. The Tuas South property is located next to the future Tuas Mega-Port, which when completed will house all of Singapore's future container activities and handle up to 65 million standard-sized containers; up from around 40 million today. Manufacturing facilities on the property will be used for the conversion of polysilicon into wafers, solar cells and solar panels.