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GIC buys office tower in Brazil

Quality asset in prime location suits fund as a long-term investor, says regional head

Published Fri, Dec 12, 2014 · 09:50 PM

Singapore

SINGAPORE's sovereign wealth fund GIC is buying an office building in Brazil in its first wholly-owned investment in Latin America.

The building - Eco Sapucai, in downtown Rio de Janeiro - is being developed by private equity real estate fund manager Hemisfério Sul Investimentos (HSI). Construction is expected to be completed in the first quarter of next year.

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Property

Property

GIC buys office tower in Brazil

Property

Singapore office rents in central region fall 1.7 per cent in Q1 after rising for 9 quarters

Singapore retail rents slip 0.4% in Q1 as vacancy rates creep up

Country Garden plans to present debt revamp plan in H2, sources say

Hong Kong home prices rise for first time in 11 months after curbs scrapped

HDB resale prices accelerate, rising 1.8% in Q1 on stronger demand

Private home prices ease to 1.4% rise in Q1; rents fall a further 1.9%

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