GIC in joint venture to acquire office portfolio in California's 'Silicon Beach'

Singapore

GIC and a group of investors have formed a joint venture led by Rockwood Capital to acquire a portfolio of Class A office assets in Playa Vista, California, Singapore's sovereign wealth fund announced on Tuesday.

The portfolio assets are Water's Edge, a 259,000 sq ft, two-building creative office campus and Playa Jefferson, a 251,000 sq ft, five-building multi-tenant complex.