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GIC buys tower housing Deutsche Bank in New York

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Published Wed, Jan 25, 2017 · 09:50 PM

    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 a square foot, GIC and seller Paramount Group Inc said in a joint statement.

    GICDeutsche BankWall Street

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