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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

GIC invests in Jakarta’s booming real estate market

Posted on 31 October 2013

The Republic’s sovereign wealth fund GIC is buying a Grade A office tower under development in Jakarta’s central business district, adding to its portfolio of assets in South-east Asia’s largest economy.
The 47-storey building is part of a mixed-use development being built by Indonesian conglomerate Rajawali Group and due for completion at the end of 2015. The property includes an arm of The St Regis Hotel and retail podium for food-and-beverage outlets……………………………..Full Article: Source


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