GIC, GSA to invest in German student dorm
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Singapore
SINGAPORE sovereign wealth fund GIC and student accommodation operator GSA on Tuesday announced a partnership to invest in the German student accommodation market together.
They plan to invest in a portfolio of close to 1,000 student beds which GSA acquired in June this year. This portfolio features properties in Frankfurt, Darmstadt, Munster and Dresden as well as a pipeline of 1,500 beds, which will be expanded through investments, developments and in working with local property companies.
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