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GIC to buy Tokyo property for 134b yen

Thursday, April 10, 2014 - 06:00

[TOKYO] Singapore state investment firm GIC Pte Ltd will buy a Tokyo property from US investment fund Lone Star Funds for some 134 billion yen (S$1.6 billion), the highest price since Japan's real estate market recovery accelerated last year, three people with direct knowledge of the sale told