In today’s roundup of regional news headlines, Singapore sovereign wealth fund GIC partners with Charter Hall on an office buy in Australia’s capital, a rare residential plot in Hong Kong’s pricey Repulse Bay heads for auction, and four key… Read More>>
Keppel REIT Bids Farewell to Brisbane Office Tower With $206M Half-Stake Sale
Singapore’s Keppel REIT is parting ways with its earliest Australian asset, a 31-storey Brisbane office building in which it holds a 50 percent interest.
The trust on Thursday announced the divestment of its half-stake in 275 George Street for an… Read More>>
Singapore’s GIC, Charter Hall Investing A$682M for Aussie Convenience Store Stake
Singapore’s sovereign wealth fund has partnered with Australian property group Charter Hall to buy a 49 percent stake in a portfolio of convenience stores operated by Ampol, Australia’s biggest oil refiner, for A$682 million ($488.9 million).
Ampol, formerly Caltex Australia,… Read More>>
GIC–Charter Hall JV Buys Sydney Office Tower From Brookfield for A$415M
A joint venture between Singapore’s sovereign wealth fund, GIC and Australian property group Charter Hall has acquired a landmark office building 25 kilometres northwest of central Sydney, according to an announcement by the two companies today.
The JV has paid… Read More>>
Singapore’s GIC Puts Brisbane Back on Map with $281M Office Tower Deal
Singaporean sovereign wealth fund GIC has taken on Brisbane’s biggest office deal of the year by purchasing a downtown office tower for A$370 million ($281 million) in the northern Australian city.
GIC, which has an estimated $359 billion in assets… Read More>>