GIC in talks to sell 2 Paris CBD buildings: sources

Berlin

GIC Pte Ltd, Singapore's sovereign wealth fund, is in talks to sell two buildings in Paris's central business district valued at about 500 million euros (S$757 million) to Societe Generale's insurance unit, according to people with knowledge of the discussions.

The adjacent properties, on Rue d'Astorg and Rue de la Ville-l'Eveque, include the French headquarters for law firm Clifford Chance LLP, said these people, who asked not to be identified because the deal has not been completed and could still fall apart. Spokesmen at GIC, Societe Generale and Clifford Chance declined to comment.