GIC

GIC, Brookfield buy Australia-listed National Storage Reit for A$4 billion

Singapore sovereign fund and the global alternative asset manager will pay A$2.86 per unit in cash

The company will leave its current place in Pacific Century Place Marunouchi, a building in which it owns a stake, and move into Shin-Marunouchi Building in early January.

Singapore wealth fund GIC moving to bigger office in Tokyo finance zone

It wants to strengthen its presence in Japan as financial markets gain momentum

GIC, one of the world’s largest sovereign wealth funds, does not publicise its assets under management.

Brookfield, GIC bid for National Storage in A$4 billion deal

The Sydney-listed company operates more than 270 storage centres across Australia and New Zealand

The deal was funded by GIC and partners. Vantage says the campus was originally financed through a green loan and features sustainability-focused technologies, including direct-to-chip liquid cooling.

Vantage Data Centers completes JS-SEZ campus buyout after US$1.6 billion GIC-led injection

Additional capital earmarked for the further growth of Vantage’s Apac platform

Having to rewire supply chains is expensive, as traditional production locations, logistic routes and distribution networks have been in place for many years.

Weaponisation of finance over geopolitics a concern, says GIC’s CEO

Disruptions to trade, security and supply chains have been costly, he says

Starbucks is among several foreign retailers turning to local partners to help improve their fortunes in China amid stern competition from domestic rivals.

Boyu Capital considers bringing Tencent, GIC into Starbucks China deal

The Chinese retail operations are valued at around US$4 billion

UBS’s new space is designed to accommodate employees from the recently integrated Credit Suisse.

UBS joins list of star tenants in GIC-backed Mumbai tower: sources

The bank will move staff to the Altimus, a building jointly owned by GIC and India’s K Raheja

First Brands' products displayed for sale in Massachusetts, US. Bankruptcy lawyers accuse its founder Patrick James of misappropriating millions, if not billions, of dollars.

17 exotic cars, US$500,000 private chef: First Brands’ Malaysian-born founder accused of looting US$700 million

Liquidators accuse Patrick James of raising funds with non-existent or doctored invoices

The divestment by GIC may include as many as than 30 funds from global private equity managers, including Blackstone, Apollo Global Management and TDR Capital.

Singapore’s GIC seeks to sell US$1 billion of stakes in PE funds

[SINGAPORE] Singapore sovereign wealth fund GIC is looking to offload some of its private equity fund stakes, continuing to utilise the booming secondaries market to manage its portfolio.