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GIC buys tower housing Deutsche Bank in New York

Deutsche Bank plans to overhaul its offices at the US headquarters.

New York

GIC Pte Ltd, Singapore's sovereign wealth fund, bought a 95 per cent stake in 60 Wall St, a 47-story tower in lower Manhattan that serves as the US headquarters of Deutsche Bank AG.

The deal values the 1.6 million-square-foot skyscraper at US$1.04 billion, or about US$640...

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