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GIC, Australia's Vicinity Centres to swap Sydney shopping mall, CBD assets

Singapore

SINGAPORE'S sovereign wealth fund GIC and Australian property group Vicinity Centres have agreed to undertake a property swop.

Vicinity will exchange a 49 per cent stake in Chatswood Chase Sydney mall worth A$562.3 million (S$586.7 million) for a 50 per cent stake in GIC'

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