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

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.

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

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Property

Singapore office rents in central region fall 1.7 per cent in Q1 after rising for 9 quarters

Singapore retail rents slip 0.4% in Q1 as vacancy rates creep up

Country Garden plans to present debt revamp plan in H2, sources say

Hong Kong home prices rise for first time in 11 months after curbs scrapped

HDB resale prices accelerate, rising 1.8% in Q1 on stronger demand

Private home prices ease to 1.4% rise in Q1; rents fall a further 1.9%

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