You are here

GIC buys office tower in Brazil

Quality asset in prime location suits fund as a long-term investor, says regional head

Construction of the 86,060 sqm AAA office building, Eco Sapucai, is expected to be completed in the first quarter of next year.


SINGAPORE's sovereign wealth fund GIC is buying an office building in Brazil in its first wholly-owned investment in Latin America.

The building - Eco Sapucai, in downtown Rio de Janeiro - is being developed by private equity real estate fund manager Hemisfério Sul