You are here

GIC to invest NZ$1.04b in five New Zealand shopping malls

Deal follows its tie-up with an NZ property trust to co- invest in Auckland assets

Sydney

SINGAPORE'S sovereign wealth fund GIC will buy a 49 per cent stake in five malls in New Zealand from Scentre Group in a transaction valued at NZ$1.04 billion (S$1.04 billion).

Scentre, the Australian and New Zealand-focused mall operator spun off from Westfield Group, and

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom