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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

GIC said to invest in NYC’s Time Warner headquarters

Posted on 14 November 2013

GIC Pte, Singapore’s sovereign wealth fund, is part of a group that’s buying the headquarters of Time Warner Inc. in New York City, according to a person with direct knowledge of the transaction.
The person asked not to be named because the deal is private. Located at Columbus Circle in Manhattan, the property is a 2.8 million-square-foot (260,000-square-meter) twin-tower development that includes offices, restaurants and the Mandarin Oriental hotel, according to the Time Warner Center website. The building adjacent to Central Park was opened in 2004 and attracts more than 16 million visitors a year………………………………………..Full Article: Source


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