GIC RE plans IPO for Japan assets
GIC Real Estate, the real estate arm of state-owned Government of Singapore Investment Corporation (GIC), is reportedly aiming to list a large portion of its property assets, potentially raising between $500 million and $1 billion, at an unconfirmed venue, presumably Singapore.
GIC said in its 2009 financial report that the SWF was managing more than $300 billion of assets, 12% of these from the real estate sector. GIC RE manages close to 300 investments in more than 30 countries,...
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