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GIC takes majority stake in new innovation precinct in Melbourne

Published Mon, Nov 20, 2017 · 09:50 PM
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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 student accommodation.

Developed by Lendlease, the "innovation precinct" will be majority pre-leased to the University of Melbourne for 42 year…

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