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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

GIC’s Park Hyatt lures Chinese

Posted on 21 November 2013

Singapore’s largest sovereign wealth fund, the Government Investment Corporation, is likely to be the next beneficiary of the wave of Chinese investment in Melbourne real estate, with one of its premier local assets catching the eye of a buyer out of China.
China’s Fu Wah International Group has made a $130 million-plus play for the Park Hyatt Melbourne that GIC’s real estate arm has been looking to offload, sources say……………………………….Full Article: Source


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