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GIC takes majority stake in new innovation precinct in Melbourne

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Developed by Lendlease, the "innovation precinct" will be majority pre-leased to the University of Melbourne for 42 years. The project is adjacent to the university's main campus, one kilometre north of Melbourne's central business district.

Singapore

SINGAPORE sovereign wealth fund GIC announced on Monday its participation as a majority investor in a new educational and commercial project in Melbourne.

The other partners in the venture consist of the University of Melbourne, Lendlease and Urbanest, a developer of

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