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GIC to acquire 43% stake in Shinjuku property for 62.5b yen

Sovereign wealth fund will buy holding from Daiwa Office Investment Corporation; the two parties will manage Grade A office building jointly

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Shinjuku MAYNDS Tower is a 34-storey office building in the newlyredeveloped area south of Shinjuku Station, offering access to the main JR Shinjuku Station, as well as access to multiple subway lines.

Singapore

SINGAPORE'S sovereign wealth fund GIC will acquire a 43 per cent stake in Shinjuku MAYNDS Tower, a large-scale Grade A office property in Tokyo, from Daiwa Office Investment Corporation for 62.5 billion yen (S$747.7 million).

Daiwa Office...

sentifi.com

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