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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

GIC affiliate, Canadian fund firm up Charter Hall REIT proposal

Posted on 03 January 2012

A Government of Singapore Investment Corp. affiliate and a Canadian pension fund signed a binding agreement to pay A$1.2 billion ($1.2 billion) for most of Charter Hall Office REIT.
GIC’s Reco Ambrosia Pte and The Public Sector Pension Investment Board of Canada signed the agreement on the condition the REIT completes the sale of its U.S. properties by March, according to a statement to the Australian stock exchange. The trust’s stakeholders will receive one or more payouts from the sale of the U.S. assets, according to the statement………………………………………..Full Article: Source


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