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MAJOR PROPERTY DEALS
GIC in another mega buy with US$909m Tokyo deal
It will take 51 per cent stake in Sheraton Grande Tokyo Bay Hotel in joint acquisition with Japan Reit
Singapore's sovereign wealth fund GIC has added to its investments in Japan by partnering Invincible Investment Corporation, a public hotel and residential Japan real estate investment trust (J-Reit), to acquire Sheraton Grande Tokyo Bay Hotel for about 100 billion yen (US$909.1 million).
PHOTO: REUTERS
Singapore
SINGAPORE'S sovereign wealth fund GIC has added to its investments in Japan by partnering Invincible Investment Corporation, a public hotel and residential Japan real estate investment trust (J-Reit), to acquire Sheraton Grande Tokyo Bay Hotel for about 100 billion yen (US$909.1...
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