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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Khazanah-Temasek in JV for Singapore posh projects

Posted on 11 November 2013

Khazanah Nasional Bhd and Singapore’s Temasek Holdings Pte Ltd are jointly developing posh residential and commercial projects in the island state with a gross development value (GDV) of RM10.2 billion.
The integrated real estate venture named DUO, is undertaken by M+S Pte Ltd, a joint venture (JV) between both Khazanah, Malaysia strategic investment fund, and Temasek, Singapore’s state-owned investment arm. Under the JV formed in June 2011, Khazanah owns a 60% stake while Temasek has 40%………………………………………..Full Article: Source


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