The Business Times
business-time-50

GIC joint venture buys US student housing portfolio for US$1.1b

google-preferred-sourceAdd BT as a preferred source
Published Wed, Jan 3, 2018 · 09:50 PM

    Singapore

    The joint venture formed by Singapore sovereign wealth fund GIC, the Canada Pension Plan Investment Board (CPPIB) and The Scion Group has acquired a student housing portfolio in the United States for approximately US$1.1 billion.

    The portfolio consists of 24 assets located in 20 university campus markets across the US, comprising 13,666 beds.

    GICGoldman Sachs

    TRENDING NOW

    Tribunal Magistrate Jared Kang described dismissal law as “a little more layered, difficult and unclear than it perhaps needed to be”.

    Firm loses wrongful dismissal case despite following termination clause

    The Vietnamese economy has long relied heavily on bank lending, straining commercial banks as they shoulder the bulk of the financing needed by companies and large infrastructure projects.

    Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks

    Soilbuild and its executive chairman Lim Chap Huat are reportedly seeking unspecified damages over Brookfield’s alleged breach of their agreement.

    Soilbuild’s Lim Chap Huat sues Brookfield, claims it reneged on joint venture: WSJ

    UOB’s asset quality was a recurring theme across all broker notes.

    Citi, OCBC downgrade UOB post-Q2 results; RHB upgrades on valuation

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More