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GIC venture buys space in Time Warner Center
It will lease the 1.1m sq ft of space back to Time Warner till 2019
Add BT as a preferred sourcePublished Fri, Jan 17, 2014 · 10:00 PM
Singapore
GIC has sealed a deal to buy office space in New York City's Time Warner Center with two partners, the Abu Dhabi Investment Authority (ADIA) and US real estate firm Related Companies, for US$1.3 billion.
The partnership, which is buying the 1.1 million square feet of space from media giant Time Warner Inc, will then lease it back to Time Warner until early 2019.
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