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GIC makes two European investments

One is an office building in Paris, and the other, a stake in a Danish aircraft lessor

Published Tue, Oct 16, 2018 · 09:50 PM

Singapore

SINGAPORE sovereign wealth fund GIC has made two investments in Europe: one is a 465 million-euro (S$741 million) Paris office building, and the other, a significant minority stake in a Denmark-based company for an undisclosed amount.

GIC will become a significant minority investor in Nordic Aviation Capital (NAC), said to be the world's largest regional aircraft lessor and the fourth largest commercial aircraft leasing company with a fleet of 468 regional aircraft and a total asset base of US$8 billion.

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